JWarder
JWarder t1_izbhley wrote
Reply to comment by sagenumen in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
The fact that I might be able to wheel and deal my way into an exchange of trash or treasure doesn't automatically make any the goods being exchanged "money". If you think "value" is an alias for "money" then that's a you problem.
JWarder t1_izb12me wrote
Reply to comment by sagenumen in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
I can trade Pokemon cards for actual, tangible items. Do you count those as money too?
JWarder t1_izbu8mi wrote
Reply to comment by sagenumen in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
Ha! You avoided the question.
You don't need to imagine remote areas of the world. Back in reality, we do have exchanges where cards are traded. Among collectors they will even directly trade cards for other non-pokemon goods. Some form of value clearly exists, and assessments of that value are (mostly) shared between participants. However, outside of that niche, pokemon cards have no value as "money".
We don't even have to use silly examples like collectable cards, you can also look to stocks and bonds. Stock exchanges are a large participant in modern financial systems. Enormous amounts of exchanges happen in routine and standardized ways with little friction. And yet, despite all the utility have have in the finance system, stocks, bonds, etc have limited utility as a form of "money".