3 ms·
There are a number of currencies that experienced ridiculous levels of hyperinflation over the years. When is a currency a currency? Until it isn't?
by applecore 13y ago
There are a number of currencies that experienced ridiculous levels of hyperinflation over the years.
When is a currency a currency? Until it isn't?
- Jtsummers 13y agoMany currencies lack stability (meaning some low % inflation/deflation(?)). I think it would be reasonable to contend that almost anything could be a currency or used as one, but stability makes for more effective currencies. While the value of BTC vs USD (or other established currencies) continues to explode, it makes it more difficult to use as a currency proper (rather than as a commodity/investment). If you have 10 BTC, it'd be difficult to spend 0.05 BTC (over 30 USD now) on a good (not a necessity) when it seems like in a week you could spend 0.03 BTC for the same thing.
- craigyk 13y agoyes, I left out the 'effective' adjective. Or I should have put currency in sarcastic quotes.