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0 pointsArkyBeagle11y ago0 comments

I prefer "medium of account" and "medium of exchange." For one thing, it emphasizes a duality that's easy to forget about.

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dredmorbius11y ago· 1 in thread

There are four roles. Account is useful, but I see exchange as primary. No use accounting if you cannot facilitate exchange (that is: trade).

It's a dualism - you can't have one without the other.

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