On 2011-08-23 1:18 PM, Ian G wrote: > Nope. Money classically is thought to have three major characteristics: > a store of value, a medium of exchange and a unit of account.
Digressing a little: Money is a matter of functions four, a medium, a measure, a standard, a store. "standard" refers to "standard of deferred payment" - that the value of money is supposed to be stable over time, to facilitate transactions that extend over time. This function of money has become politically incorrect. _______________________________________________ p2p-hackers mailing list p2p-hackers@lists.zooko.com http://lists.zooko.com/mailman/listinfo/p2p-hackers
