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[-] Cynoid@lemm.ee 1 points 1 year ago

If you go by the definition of money : "The primary functions which distinguish money are as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment." (Wikipedia, but it's a workable definition).

It's a medium of exchange, because people can use them to buy things. It's a unit of account, because it will be used as a metric for economic calculation (ie accounting). It's a store of value too, because people don't have to spend it at a particular time. And the "standard of deferred payment" part is also fulfilled, as it quantify the work-time debt society (or simply a company) owe to a worker.

I honestly fail to see what difference you are trying to make.

this post was submitted on 22 Aug 2023
208 points (100.0% liked)

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