npub17e…9yvq6 on Nostr: The key point is not the small differences or local complexities. What makes a ...

The key point is not the small differences or local complexities. What makes a network coherent is the ability for its units to endure over time as a store of value. If you had a bag of 100 1 oz silver coins, they would have held a remarkably stable value over the Renaissance and benefitted from natural deflation, regardless of which king's head was on the face side. That's what it means to be one money network. Savings is the one and only source of a money systems value, and silver served as a remarkable and universal money system available to nearly all economic actors for hundreds of years.