2021/02/08

Why Crypto-Currency is real money

Money is a social construct. For any crypto-currency this is true as well since it basically has to fulfill three criteria: 

- Store of value 
- medium of exchange 
- unit of accounts 

the basic value of crypto is: 
- Trust 
- Transparency 
- Reliability 

medium of exchange 
- Transferability 
- Fungibility 
- Scarcity 

unit of accounts 
- Generalizability 
- Traceability 
- Quantifiability 


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