1. Is a store of value, which means people can save it and use it later
2. Is a unit of account, that is, provide a common base for prices; or
3. Is a medium of exchange, something that people can use to buy and sell from one another.
This informational video may help you, Fenton.
Last edited by brothern; 01-19-15 at 08:03 PM.
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that LITERALLY has NOTHING to do with the point I asked.
Keep trying though. Maybe your list of copy pasta strawmen points in your notepad txt file will eventually converge to a relevant response. I'd put higher odds on the infinite monkeys theorem playing out faster though.
"I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."