2 ms·
> So then the various cryptocurrencies fit the bill because a lot of people are willing to treat them as IOU notes among themselves. Yes, but the 'crypto' part
by otabdeveloper4 7y ago
> So then the various cryptocurrencies fit the bill because a lot of people are willing to treat them as IOU notes among themselves.
Yes, but the 'crypto' part is unnecessary. You can just store these IOU's in some Postgres database, and the effect would be the same.
- feanaro 7y agoYes, "crypto" is not a necessary condition for something to be considered a currency. Neither is "¬crypto", though.