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Economy

Why Gold Became Money and Water Did Not: Evolution of Crypto-Technologies

Matus Posvanc and F.A. Hayek Foundation/May 7, 2019 /Leave a comment

Some people claim that the main reason why gold became money was that women liked it. Others claim that it is the faith that makes us use a certain good as money. By that logic, even water could become money just by virtue of us having faith in it.

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