4 ms·

How can an imaginary asset be hard money?

• Geee 5y ago
  Hard money is money that is hard to produce. Such as gold, silver and bitcoin. The alternative is money that can be produced easily (soft money, easy money), like modern fiat currency or glass beads, which were used to buy slaves from Africa.
  • lottin 5y ago
    They used glass beads to buy slaves from Africa? Interesting... although I don't know why feel the need to bring this up. Anyway, most bitcoins in existence today were produced on a laptop so I don't know about hard to produce.