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kasey_junktoday at 1:52 AM0 repliesview on HN

Your presentation about fiat money is more biased than anything presented in the article.

Take the UK. They only left the gold standard due to ww1. But they broadly stopped accepting anything but governmental currency in the 1400s for tax payment.

It turns out money is more useful than commodities even when it’s a 1:1 relationship and even with that 1:1 relationship governments want their currency to have official legitimacy.