Message:

<p>[QUOTE=&quot;InfleXion, post: 1633933, member: 29012&quot;]Most of these things are not fungible. Fungible means that anything of that type is the same value as anything else of that type as long as the weight is the same. The ones that are fungible are not durable.&nbsp; </p><p><br /></p><p>You can&#039;t cut a gemstone in half and expect the two halves to be worth what it was before you cut it, not divisible, and also not fungible because it depends on the quality of the cut even from the get go. Hardwood depends on the type of wood for the value, and is not durable (burns), fungible, or very feasible for portability. Leather depends on the quality to some degree, but is not durable, nor is plastic, or soap, as they all fall victim to fire and/or time. Fiat currency is good for everything except for durability (even digital currency is at the mercy of hardware, electricity, computer systems management, and central planning), so it does make a nice currency when properly managed. However, only metals fit all 4 requirements of a unit of account. This is fact and is not disputable. </p><p><br /></p><p>Also, I have not set these things. They were set throughout the course of human history out of necessity, which is the mother of all invention. These things are the way they are not because anybody wants them to be (though many of us may be in that boat), but because they are the best fit.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in