Fiat currencies provide a measure of value. Essential functions of exchanges should include:
· Anti-counterfeiting
· Divisibility
· High Market Value
· Exchanges that are easily recognizable
· Competitive cost of preservation
· Constant utility
· Ease of access
· Maintaining the value of assets
Mediums of exchange must have stable purchasing power. The most recent exchange is “electronic money”. It’s a preferable because it’s difficult or impossible to counterfeit unless the entire system is compromised. What mediums of exchange do you prefer? I look forward to your thoughts. ~Moderator Mel
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