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Properties of Currency (not money): (-) Scarcity: finite number of the symbols (fiat currency breaks this in batches, BTC are finite, gold can be considered ~f
by sebastianconcpt 10y ago
Properties of Currency (not money):
(-) Scarcity: finite number of the symbols (fiat currency breaks this in batches, BTC are finite, gold can be considered ~finite until you mine it in other planets or use a star trek replicator)
(-) Fungibility: all symbols are interchangeable, commodity like. Symbol A is identical to symbol B, and vice versa.
(-) Divisibility: the symbols are easily divisible, so you can divide them to smaller and smaller portions (you can't do this with houses or Ferraris)
(-) Durability: the symbols can survive the test of time and weahther and won’t be worn out or disappear
(-) Transferability: the symbols can be easily transferred between owners (can't do with houses or Ferrari's)