Post
Topic
Board Economics
Re: Why Bitcoin cant be Money.
by
ilpirata79
on 11/12/2013, 19:17:13 UTC
1) Properties/ Requirements of Money


Money: intrinsic value (aka utility of the commodity), divisible, fungible, scarce.


Stopped here. Money doesn't have to have any intrinsic value.

5 euros have no value if not the value that derives from its ability to purchase things. The same ability that also bitcoin has.

Best regards,
ilpirata79