it doesn't feed people, it doesn't house people, it doesn't power mechanisms
That's not the purpose of money. He just listed the seven necessary attributes of money and these were not included for good reason. Money needs to just sit there and do nothing until it can be exchanged for food, housing or powering mechanisms at a suitable time. That's the whole point and nothing sits there and holds value like gold. You can throw it in the ocean for 500 years and it'll come out looking pristine and even more valuable.
it's only value is the fact that it has value, and everyone else assigns it value
Everything has value because people assign it value. Food and housing only have value because people need them to survive, if they didn't they'd be worthless. They serve a purpose which makes them valuable, just like gold.
Feel free to barter if the concept of money goes over your head but it's very difficult and cumbersome which is why money was invented in the first place.
That's not the purpose of money. He just listed the seven necessary attributes of money and these were not included for good reason. Money needs to just sit there and do nothing until it can be exchanged for food, housing or powering mechanisms at a suitable time. That's the whole point and nothing sits there and holds value like gold. You can throw it in the ocean for 500 years and it'll come out looking pristine and even more valuable.
Everything has value because people assign it value. Food and housing only have value because people need them to survive, if they didn't they'd be worthless. They serve a purpose which makes them valuable, just like gold.
Feel free to barter if the concept of money goes over your head but it's very difficult and cumbersome which is why money was invented in the first place.