Hacker News new | ask | show | jobs
by staticman2 859 days ago
People don't want to barter so they agree to take money. It's useful because you don't want to take your salary in hens or goats or GPUs or whatever and trade them for things you need. That use provides the value.

History doesn't suggest that trading with papers that can be exchanged with gold works better, is my understanding. The U.S. was on a gold standard during the great depression.