Bitcoin: Ph.D.-Level Science, Kindergarten Money

A â??currencyâ? is like â??artâ?: it is anything that we use as â??currency.â? At times, cigarettes and small candies have served as currency. Tobacco was a currency in colonial Virginia. In Ancient Greece, iron pots and tripods once served as a sort of currency. Ancient Chinese used gardening tools as currency.

Some people use bitcoin as a means for transactions in goods and services, so it is, for them, a currency.

 

But is it a good currency?

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