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Gold is also almost never used as a currency. BTC's product market fit is store of value, not medium of exchange
by delaaxe 6y ago
Gold is also almost never used as a currency. BTC's product market fit is store of value, not medium of exchange
- doggosphere 6y agoGold was a currency. It evolved from rocks in the dirt, to gold coinage, to paper coupons, to whatever the hell instrument it is today. You stored your gold in a bank, and the bank gave you paper coupons to redeem it. People traded the coupons because it was easier than trading the gold. This is the birth of modern day banking.