4 ms·
> commodities in general check the same boxes without the awkwardness of Bitcoin To name a few properties, commodities can not be transferred anywhere in the w
by Empact 6y ago
> commodities in general check the same boxes without the awkwardness of Bitcoin
To name a few properties, commodities can not be transferred anywhere in the world quickly and at low cost in a censor-less fashion, can not be transported in an immaterial form (e.g. a "brain wallet").
> when you say "better money" you mean for this specific use case right?
I mean better at exhibiting the properties of money (originally articulated by Aristotle): durability, divisibility, portability, etc.
Fiat fails at durability, through ongoing inflation. Art fails at: divisibility, etc.
https://hangthebankers.com/aristotle-and-the-definition-of-money/ https://hangthebankers.com/aristotle-and-the-definition-of-m...
https://omniequivalence.com/monetary-properties/ https://omniequivalence.com/monetary-properties/
https://www.economicsdiscussion.net/money/top-8-qualities-of-an-ideal-money-material/609 https://www.economicsdiscussion.net/money/top-8-qualities-of...