4 ms·
To act as a good currency, the currency should be almost worthless (or worth a lot less than the value it represents). USD and Bitcoin are both good currencies
by bbcbasic 12y ago
To act as a good currency, the currency should be almost worthless (or worth a lot less than the value it represents).
USD and Bitcoin are both good currencies, in part because they are worthless.
To flip it on it's head - if a currency is worth more than the value it represents then no one would spend anything.