RE: 'Cryptos Are Not Real Currencies ', 'No Intrinsic Value', Says Fed Chairman Powell

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'Cryptos Are Not Real Currencies ', 'No Intrinsic Value', Says Fed Chairman Powell

in cryptocurrency •  7 years ago 

To me currency could be anything that people agree to have a value set by them, and can be traded for goods depending on its value.

For some Venezuelans, even food is used as currency.

cryptocurrency
7 years ago by

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      ·  7 years ago 

    I think that is the definition of currency that you described right there. If I am not mistaken.

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      ·  7 years ago 

    Yup, anything can be a medium of exchange ;)

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