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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), li
by 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 agoThey 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.