A currency is backed by armies and millions of productive citizens. | Hacker News

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		MomoXenosaga on May 10, 2022 \| parent \| context \| favorite \| on: UST Stablecoin Loses Dollar Peg A currency is backed by armies and millions of productive citizens.

eudoxus on May 10, 2022 [–]

The problem here is that the country with the most guns (largest armies) gets to define what a "productive citizen" is. So the parent comment still stands.

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