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To: catnipman

when I say economies, I am referring to the blockchain ecosystem, the network in which it runs. The coins that are issued by the blockchain are its currency, and the goods traded are the blockchain services provided.


18 posted on 09/05/2019 9:36:06 AM PDT by blabs
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To: blabs

“The coins that are issued by the blockchain are its currency’

no blockchain “coin” is a currency as they lack almost all the attributes of currencies; blockchain “coins” are merely vehicles for speculation lll

the primary attribute of all useful currencies is UNIVERSAL believe or acceptance that they have value. Of course useful currencies have other attributes such as Portability, Indestructibility or Durability, Homogeneity, Divisibility, Malleability,Cognizability, and Stability of Value.


22 posted on 09/05/2019 10:50:40 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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