That’s true. I haven’t thought extensively about the economics of competing currencies, so I’m not sure what effects this would have.
Sure you have—just think of barter as a species of competing currency. Then, put things on a continuum: from less to more money-like:
direct barter—highly liquid goods—limited-use alternative currencies—mainstream money
Oh, also, drethelin needs the lecture, or least a link to the lecture, on why being deflationary will kill a currency.
That’s true. I haven’t thought extensively about the economics of competing currencies, so I’m not sure what effects this would have.
Sure you have—just think of barter as a species of competing currency. Then, put things on a continuum: from less to more money-like:
direct barter—highly liquid goods—limited-use alternative currencies—mainstream money
Oh, also, drethelin needs the lecture, or least a link to the lecture, on why being deflationary will kill a currency.