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"Banks used to issue their own currencies. You can see these old banknotes in the Smithsonian. ‘First National Bank of South Bumfuck will remit ten pork bellies to the bearer,’ or whatever. That had to stop because commerce became nonlocal — you needed to be able to take your money with you when you went out West, or whatever."
"But if we’re online, the whole world is local," Randy says.
Hardin laughed. 'Quantity! We haven't even got iron in quantity. Gold! Here, take a look at our currency.' He tossed a coin to the envoy. Haut Rodric bounced it and stared. 'What is it? Steel?' 'That's right.' 'I don't understand.' 'Terminus is a planet practically without metals. We import it all. Consequently, we have no gold, and nothing to pay unless you want a few thousand bushels of potatoes.' 'Well – manufactured goods.' 'Without metal? What do we make our machines out of?
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