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When I said "most successful" I didn't mean it was a complete success, just that this is the best we've done without a state. Currencies are hard, history is f
by hx8 1y ago
When I said "most successful" I didn't mean it was a complete success, just that this is the best we've done without a state. Currencies are hard, history is full of them failing. Maybe when an asset is liquid enough, it becomes like a currency.
- wqaatwt 1y agoGold/silver worked reasonably well for thousands of years and unlike bitcoins they functioned as an actual currency. Even if you can pay for stuff with bitcoin it’s not a currency until people actually start setting prices based on it. > liquid enough I’m sure I could find people who would accept Apple’s stock in lieu of actual money, that wouldn’t make it a currency