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Physical Properties of Currency

  • Divisible: A currency must be divisible so that units of its value can be paid to match the value of your purchase. Bitcoin News.
  • Scarce: Money has to be sufficiently rare. If the medium of the currency is easily obtainable or reproducible, it will have little worth and be easily counterfeited.
  • Portable: For a currency to be convenient, it must be portable.
  • Uniform: Every unit of a currency must be equal in value. Diamonds are not fungible because there are other properties of a diamond that makes it worth more or less than any other diamond.
  • Durable: Money must not have a property that allows it to decay over time. Any perishable items are a good example of this: Apples, Spices, Tea, Milk, etc.
  • Acceptable: Trusted and accepted by all.

Bitcoin News - What makes a good…

Currency? Payment System?
1 Trust Trust
2 No counterfeiting Verification of ownership Verification of transaction
3 Anonymity Fast Low Transaction Cost
4 Managed by Central Bank to deal with demand shocks No Monetary or Fiscal Policy tool
5 Denomination of Contracts No Denomination
6 No issue with Liquidity Exchange System to guarantee liquidity
7 Peer to Peer Needs Clearing System

What is Bitcoin?

A peer-to-peer internet currency that allows decentralized (verification) transfers of value between individuals and businesses:
  • Bitcoin is the system
  • Bitcoins are the units
In economic terms:  

Bitcoin News

The most searched news by users are all related to the bitcoin price - bitcoin price news. Regarding real time cryptocurrency news, there is also a high demand for ethereum news that occupies the second place of importance in hot crypto news. Clearly, crypto world news is very focused on bitcoin price prediction and everything that is said on the forums like bitcoin news reddit.

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