Quote from: Fortify on Today at 08:08:59 PM

Quote from: Paleus on Today at 07:54:45 PM

Quote from: philipma1957 on Today at 07:51:35 PM

What is your point?

money makes the world go round?

Just as there are an infinite number of ways to serve others, there is no limit on what could be considered money. Beauty is in the eye of the beholder and credibility is subjective. Without material proof, credibility is based on faith, and because this world is a physical illusion, we are saved by faith alone.

Have you just read Adam Smith's wealth of nations and are trying to act smart? Or just entered "write something deep about currency" into chatgpt because that's how your post is coming across. This is a forum for discussion, right? Yet you've not really put any questions out there to discuss.

Anyone can call anything money, but that doesn't meant it will be universally accepted or trusted. Useful money is one that has a market, fluidity and a consensus of it's value in comparison to other currencies. You can trade any kind of commodity you like - oil, wheat, copper, but people distinguish it from currency because they do not conflate the two.

I have not yet read Adam Smith's Wealth Of Nations but I intend to.

Yes, what you say is true: a denomination must have a market in order to command a price. If there is no market there can be no utility/usefulness. The market is defined by the consensus it generates, but currency is different from commodities such as oil, wheat, and copper (as you listed), because in order to form consensus, there must be a natural intelligence. The market intelligence mechanism forms this consensus, and from this, the market dictates who or what is credible. Every market/denomination has its own unique intelligence that generates an attractive force (personal income).

This is what differentiates currency from these other commodities: money is a consensus of truth, whereas a commodity is only something to be agreed upon as to its utility.