I don’t think currency is a -unit- of value, in fact I don’t think such a thing can exist. Value for me means, “what would you be willing to give up to obtain something?” Value is subjective; a glass of water generally has close to zero value but if you’re stranded in the desert it will have an extremely high value.
And this way value can be created: I have lots of glasses of water in this desert, you have none. You give me your kingdom and I give you a glass and we both give up less value than we get.
I don’t think currency is a -unit- of value, in fact I don’t think such a thing can exist. Value for me means, “what would you be willing to give up to obtain something?” Value is subjective; a glass of water generally has close to zero value but if you’re stranded in the desert it will have an extremely high value.
And this way value can be created: I have lots of glasses of water in this desert, you have none. You give me your kingdom and I give you a glass and we both give up less value than we get.