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> All currencies are going to start off at $0, being worth nothing. That's far from guaranteed. Gold started off as a commodity, worth much more than nothing.
by whatevsbro 13y ago
> All currencies are going to start off at $0, being worth nothing.
That's far from guaranteed.
Gold started off as a commodity, worth much more than nothing. It ended up being a means of exchange because its properties are suitable: it's highly valuable, easily divisible and durable, and other stuff I forget now. But those are the reasons it started being used as money.
In fact, it's possible that nothing that will be widely used as a currency in the future will start off at zero value.
- FeloniousHam 13y agoPlanet Money has a great episode on why gold: http://www.npr.org/blogs/money/2011/02/07/131363098/the-tuesday-podcast-why-gold http://www.npr.org/blogs/money/2011/02/07/131363098/the-tues...