Dak
mentat
Yeah. It's convenient for barter, but direct barter isn't necessarily a hallmark of an "advanced economy". Of course I would also argue neither is central banking.
Digitized, electronic transactions are convenient. It is entirely possible to use commodity currency with today's technology without resorting to carrying around a pocketful of the actual commodities. The "basket of currencies" idea constantly purposed for the "SDRs" is merely a bastardization of the basket of commodities approach to reducing risk. The problem is you cannot reduce risk except in the short term by pooling a bunch of flawed exchange mediums.
Digitized, electronic transactions are convenient. It is entirely possible to use commodity currency with today's technology without resorting to carrying around a pocketful of the actual commodities. The "basket of currencies" idea constantly purposed for the "SDRs" is merely a bastardization of the basket of commodities approach to reducing risk. The problem is you cannot reduce risk except in the short term by pooling a bunch of flawed exchange mediums.

What the hell's a "face super-register"? You said so naturally that it made me question your authenticity.