What Does Modern Monetary Policy Have to Say About Cryptocurrencies?

Conventional wisdom states that, for a currency to be useful, it must have certain properties. It must be accepted as payment for goods and services (medium of exchange), provide a common measure of value (unit of account), maintain its value over time (store of value), easily divisible, interchangeable (fungible), durable, portable, and be of limited supply.

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James McInerney