Comments by "Samson Soturian" (@samsonsoturian6013) on "Crypto In The Long History Of Private Money" video.

  1. Related fact: Archeologists say that finding treasure hoards and/or coins with holes in them (for use as jewelry) is the sign of a completely collapsed economy. There's simply nothing to spend that money on.
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  2. All this should show just how fragmented the US economy was in the 19th century along regional and local lines
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  3. We already have digital currency. It's called a debit card. My employer credits my account, and I credit the grocery store's.
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  4. I wouldn't count the scam currencies (most of them).
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  5. That is yet to be seen statistically.
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  6. Bitcoin is dumb money. Because dumb money refers to unsophisticated investors, which is where most crypto goes. And Patrick likes economic history, as does his core subscribership.
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  7. Don't you have a weed trial or something?
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  8.  @himoffthequakeroatbox4320  that only applies to cheap coins. Gold and silver, not so much
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  9. ​@wallpello_1534 that's beyond absurd to the point I think you are committing fraud. A crypto transaction takes literally a million times more computer processing and zero regulation means there's little recourse in the frequent event of scams.
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  10. Could be used as such, yes. There are places in Africa where TracPhone minutes are used as money because their value is more stable than turdworld currency and lots of people own cheap tracphones. Ramen is common cash in modern US jails, chocolate and cigarettes were cash in WWII PoW camps, and pelts were cash on the old American and Russian frontiers.
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  11. Found the shoplifter
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  12.  @kendalljackson1203  Liars deserve to lose money.
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  13. You say that as if crypto hasn't collapsed BEFORE you made that comment. Turns out it was all held up by borrowed funds and lies.
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  14. Credit implies interest bearing debt.
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  15. You have internet access, therefor the use of money is going pretty well for you. Cash is just a convenient middleman in trading, and everyone relies on trading in a modern economy.
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