Money is a social construct. For any crypto-currency this is true as well since it basically has to fulfill three criteria:
- Store of value
- medium of exchange
- unit of accounts
the basic value of crypto is:
- Trust
- Transparency
- Reliability
medium of exchange
- Transferability
- Fungibility
- Scarcity
unit of accounts
- Generalizability
- Traceability
- Quantifiability
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