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Resource in the sense that the item in question has some inherent value. If I can't exchange Bitcoin for anything, then Bitcoins have zero value. If I can't exc
by yen223 13y ago
Resource in the sense that the item in question has some inherent value. If I can't exchange Bitcoin for anything, then Bitcoins have zero value. If I can't exchange rice for anything, that rice will still have some value to me.
It's important to realize that all currencies, including Bitcoin and the USD, are only as valuable as the stuff I can buy with them. There's no point in having a million dollars, if I can't buy anything with it. That makes currencies distinctly different from "resources".