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Currency is itself a financial good that is bought and sold, and has value. It's not divorced from other goods and is not special. You even have currency factor
by pishpash 4y ago
Currency is itself a financial good that is bought and sold, and has value. It's not divorced from other goods and is not special. You even have currency factories (banks) and competition.
Also, any currency devaluing (which BTC is doing) is inflationary for an economy based in that currency.
- thawaya3113 4y agoIt’s special in that it has a special purpose. Just like bread has a special purpose. And the purpose of a currency is to facilitate financial transactions. Which crypto is horrible at, because it cannot maintain a decent value at any point. Crypto is as good at being currency as iron is at being bread.