RE: Currency or Commodity? Both?

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Currency or Commodity? Both?

in steemit •  8 years ago 

I don't think it's too strange... just a little. If you think about it, a medium of no determined value sounds like a fiat currency, where the medium is basically an IOU. Since they have no inherent backing of value, they're subject to radical fluctuations in price and supply, whereas a medium with some barrier to creation and ownership is in most cases more resistant to forces like that.

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