RE: Should Cryptocurrencies actually be Cryptomoney? An Economist's perspective

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Should Cryptocurrencies actually be Cryptomoney? An Economist's perspective

in cryptocurrency •  8 years ago 

All "money" is real as long as people believe that it has a value and this value tends to be circumstantial.

Imagine that you are on Sahara with a sack of gold and there is this other guy who's got drinking water - both of you have some sort of commodity but your "money" is useless = worthless while his water means survival = priceless ;-)

cryptocurrency
8 years ago by

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