this post was submitted on 28 May 2024
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submitted 5 months ago* (last edited 5 months ago) by [email protected] to c/[email protected]
 
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[–] [email protected] 5 points 5 months ago

IIRC an aspect of this is that earlier forms of trade and currency were more tied up in the personal relationships between the people trading and their culture, which makes for an impractical environment for a foreign mercenary with no local familiarity or trust to do business, hence the terrible power of gold's fungibility.