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“Bit gold acts more like collector's items than like
#GOLD” -@NickSzabo4, 1998Show this thread
There's no sharp distinction between collectibles, in the origins-of-money history sense I was using the term, and money. Both used as stores of value and media of value transfer. More a matter of degree than kind of uses: collectibles generally had much lower velocity.
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In a broad sense both have the same desidrata in terms of their security properties, for example unforgeable scarcity and trust minimization generally. Historically, some kinds of collectibles became increasingly used as money over time, for example https://unenumerated.blogspot.com/2016/12/weigh-and-deliver-compensation-and.html …
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