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Yes it is, because you can always buy other things with the currency.

And the e-unit may be tied to a single supplier, which the currency wouldn't be.

So you have these units which on the one hand are supposed to be redeemable in a specific way, but in another are a kinda sorta stand-in for 'real' currency. At the same time, the e-units may be influenced by physical failures, and also limited by contractual specifics.

There's a lot wrong with money, but I think people are getting confused by the purely transactional accounting function of money, and the political and social side-effects of money-ism.

They're close, but they're not synonymous. E-units will have different features, but unless some of these specific questions can be answered they won't necessarily be better.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Jul 13th, 2009 at 12:15:25 PM EST
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