[rainmaking]

I didn't go into the idea of "sound money" because I don't consider it a valid concept. If you use gold, you favor the miners, if you use shells, you favor the fisherman. If you use the wax tablet, you favor the accountants, and if you use cryptography, you favor the nerds. But most people just don't care that there were people who profited from the segnorage, or who those people are. With money, what you are interested in is buying goods and services, because then you can eat, shelter and move around. As long as you can do those things with reasonable predictability, empirically, that's what people will accept as money. Everything else is just arbitrary complication.

[coinward]

Turns out there is more to money than serving as a reliable medium of exchange