How do societies initially trust using money when it has no inherent value?

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How do societies initially trust using money when it has no inherent value?

In: Economics

10 Answers

Anonymous 0 Comments

How did we initially trust digital money? Same thing.

Its going to be a process that involves a lot of people saying “this is going to be so much better, you should use it”, and some people saying “HA! I fucking told you that paper money was stupid, now you lost all your money just because your house burned down!”

Etc.

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