PDV
Revelation That Uncertainty Is Itself An Answer
- Joined
 - Apr 6, 2018
 
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True, but legitimate scarcity means something, as opposed to scarcity-by-decree which gives fiat currency any value.
The gold in a gold coin is worth only a small fraction of the nominal value of the coin. All currency derives the vast majority of its value from the collective agreement of the populace to treat it as a valid IOU. (Or for some "currencies", from pure speculation. But you knew that.)