Michael Webb
I am genuinely curious as to the correct perspective for both of these questions. Any feedback is as always, greatly appreciated. I value your time as I do my own, thanks for sharing... anyone!
My limited capacity leads me to the following.
"What DOES it have to do with personal Sovereignty?"
--> http://www.royalmint.com/aboutus/policies-and-guidelines/legal-tender-guidelines
... And working off of this (above links example of meaning), it seems the question "Can you live without it?" is a loaded question.
Yes! You can live without it, because you are free to accept OR offer anything you DEEM valuable.
No! You can not live without it, because it offers protection/redress/remedy for your debtor.