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by brmgb
1962 days ago
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> Can anything tradeable with a fixed supply become a currency? Yes, very much so (including something with unpredictable supply). Through history, diverse things were used as currency including shells, salt, silver and gold. The commonly used definition of a currency was coined by Aristotle and is that it's an asset fulfilling three requirements: - being an intermediary of exchange; - being a store of value; - being a unit of account. You might notice that most cryptocurrencies are not actually currency owning to the first point. |
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