Hacker News new | ask | show | jobs
by tsahyt 4959 days ago
Because it's easy to spend since others accept it. Money itself has absolutely no value at all. It's more a promise that somebody will accept it when you want to buy something with it.
2 comments

Which is precisely what the FBI report was describing: "they believe they can exchange the currency for goods, services, or a national currency at a later date."
That's the whole point of fiat money, isn't it?
It't the whole point of money, period.