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anarchovegan
replied 2209d
Sk8eM dUb
Money is that which is "fungible, portable, durable, and divisible", as Mike Maloney has said, which is why he advises buying gold. I think BCH is better.
Sk8eM dUb
replied 2209d
I think this is a bad definition though - things that have those characteristics can *become* money. But that doesn't tell me what money *is*.
anarchovegan
replied 2209d
Ok. Money is what people trade their energy and time in to get stuff.
Sk8eM dUb
replied 2209d
Does USD work for this purpose? Does gold? Bitcoin?
anarchovegan
replied 2209d
BCH yes. BTC no.
Sk8eM dUb
replied 2209d
Ok I'll race you. Go buy a banana with BCH, I'll buy one with Japanese Yen - Winner is using the superior money(at least in the short term). I'll go when you say go.
anarchovegan
replied 2209d
You want to just talk about short term?
No game. I'm here for sustainability.
anarchovegan
replied 2209d
Short-term, yes. It eventually won't.
To a limited degree.
BTC or BCH?
Sk8eM dUb
replied 2209d
Gold isn't portable or divisible. Dollars aren't especially durable and are becoming less fungible. I think portability and divisibility is more important. You can always convert out.
anarchovegan
replied 2209d
Well, you can't use memo unless you do.