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There are literally hundreds of currencies that were demanded for tax payments that have ended up with zero value eventually. That is not sufficient to make a v
by datadata 4y ago
There are literally hundreds of currencies that were demanded for tax payments that have ended up with zero value eventually. That is not sufficient to make a valuable currency. What is necessary (in my opinion) is using the currency broadly for payments (not only taxes), and having a monetary policy that does not use excessive debt or inflation.
- anon291 4y agoIt is not a sufficient condition. It is a necessary one.