Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Currency is not a "kind of stock". It is not a claim of ownership in an asset / entity or a claim on a future cash flow stream.

It is in fact the opposite of a claim on the printing operation of the issuer, given that the more currency is printed, the less valuable the currency you hold becomes.

If nobody will accept a currency, it does not continue to have value, because its value is based upon what someone is willing to trade you for it.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: