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How does this differ from a currency?
by freeone3000 10y ago
How does this differ from a currency?
- rahimnathwani 10y agoTwo things which make me see it as something other than a currency: 1) The 'coin' will not be the unit of account. The underlying currency (e.g. US$) will be the unit of account. 2) If the underlying currency (e.g. US$) ceased to exist, the 'coin' would have zero value. Consider how the above two points compare with: A) Bitcoin (which I say _is_ a currency) B) Zero-coupon government bonds (which I say are _not_ currency)