4 ms·

A better comparison would have been national currency. A piece of paper has no intrinsic value, pays no dividend, and gets diluted over time.

• lamontcg 5y ago
  Very difficult to opt out of using it.
• Aunche 5y ago
  Still not the same. Every fiat currency that isn't effectively useless facilitates far more trade than its face value.
  • danuker 5y ago
    Current USD M2 monetary velocity is barely above 1, which is far from "far more".