beads and feathers were replaced so that everyone could have a fair shake in the market... not everyone was a hunter so not everyone could get the goods.
What are these amazing advantages you speak of?
Over FIAT
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- No capital control
- No third party required for international or domestic transfers
- Trustless system
- Not inherently fractional
- Favors a commodity rather than an IOU
- Not nearly as susceptible to theft compared with carrying cash
Over Gold/Commodity Backed
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- Gold is cumbersome
- Gold notes are fractional
- Gold notes require trust
- Gold is highly susceptible to theft
- The true value of gold will be remarkably close to what it was pre-fiat (very cumbersome to carry)
- Coinage is property of the issuing government and can be seized easily as history has shown
- Subject to capital controls, tariffs, tolls, or any other inspection that reveals how much you are carrying
- Regularly debased as opposed to a tax increase (it's shady to debase currency rather than increase tax but serves the same purpose)
- The list goes on and on