Tag Archives: crypto

that is a medal not a currency

How Can We Know if Our Coin is a Currency?

How Can We Know if Our Coin is a Currency?

Well, we can bite the coin and try to taste currency. But what is the taste of currency?
For me, it tastes like bread and a far flavor of a loan. It is here and now, but also there, in the future… weird?

Here is my minimum criterion for a coin to be currency, two guiding questions to decide:

  • Can my coin buy me bread?
  • Can I make a loan of my coin?

If both are true, maybe I have currency. Otherwise, perhaps I have a medal.
I don’t say if it is good or bad, matching expectations is all that is it about.

Would love to hear your thoughts on that.