62
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 01 Jul 2024
62 points (70.7% liked)
Showerthoughts
30023 readers
710 users here now
A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.
Rules
- All posts must be showerthoughts
- The entire showerthought must be in the title
- Avoid politics
- 3.1) NEW RULE as of 5 Nov 2024, trying it out
- 3.2) Political posts often end up being circle jerks (not offering unique perspective) or enflaming (too much work for mods).
- 3.3) Try c/politicaldiscussion, volunteer as a mod here, or start your own community.
- Posts must be original/unique
- Adhere to Lemmy's Code of Conduct
founded 2 years ago
MODERATORS
Exchanging things is trade. Currency is a medium of exchange. Not having currency doesn't stop trade, it just makes it more difficult.
Chickens would be a medium of exchange in this scenario.
Yes, and that would not be currency. It might be useful to think of this as a tiered system.
'Trade' is a top-level idea, an exchange between entities. On a tier below that, i.e. a closer specification of 'trade', exists 'barter' (trading goods for other goods or services) and 'money' (trading some representational, notional item for goods/services). 'Chickens' as a payment is a further specification of bartering, while 'currency' is a further specification of 'money' (being 'money' defined/in use by a specific power/state).