63 ms·
There's nothing revolutionary about it. Commodity money was the original form of money. Crypto-currency is an attempt to create digital commodity money, excep
by lottin 4y ago
There's nothing revolutionary about it. Commodity money was the original form of money. Crypto-currency is an attempt to create digital commodity money, except that this is obviously impossible. Instead they have created a fiat currency (because it's created out of thin air) with a promise attached that they will only print a fixed amount of it.