Y
Hacker News
new
|
ask
|
show
|
jobs
by
CPLX
1187 days ago
No. The main use of cash is as a means for conducting transactions for goods and services.
1 comments
eric_cc
1186 days ago
And what’s the main use of cash from the perspective of the US government? And what makes cash have value? And what has been the history of money thus far that has led to this junction?
link
HDThoreaun
1186 days ago
Transacting for goods and services. Cash has value because you get arrested if you don’t have enough to pay taxes.
link
eric_cc
1186 days ago
I totally agree. Cash has value because it’s backed by violence.
link
mrguyorama
1186 days ago
Oh no the state has a monopoly on violence what a bad thing. I much prefer the natural way where your right to property ends at the tip of my spear.
link
CPLX
1186 days ago
Everything privately held that has value is backed by the threat of violence.
link