Replying to anonymous

Well, if you look at it that way: anything tangible that you hold in your hand that represents currency, only represents currency by conveniention. You're holding a lump of matter or a sheet of matter.
Avatar
Paul 9mo ago

Credit - Latin root cred “believe”

Specie - “in the actual form”

Specie in finance is gold coins. The thing itself.

₿itcoin is specie money. Not credit. It is the thing itself.

Reply to this note

Please Login to reply.

Discussion

70
anonymous 9mo ago

I didn't know these terms, but sure, as soon as you accept the convention then this is about the point where you're at.