In a barter economy, imagine Peter the miner that produces X ounces of silver. The reason why he mines silver is because there is a market for it: silver contributes to the well-being of people. Peter then exchanges his X ounces of silver for various goods and services. Over time, people have discovered that silver \u2014 being originally useful in making jewelry \u2014 is also useful for other applications. They now begin to assign a much greater exchange value to silver than before. As a result, Peter could exchange his X ounces of silver for more goods and services than before.People have also discovered that silver is also useful to serve as a medium of exchange. The additional benefit that it now offers further lifts people\u2019s demand for silver. As a result, the price of silver in terms of goods and services rises further, all other things being equal. People are exchanging wealth for wealth. If for some reason, there were a large increase in the production of silver, and if this trend were to persist, then its exchange value would exhibit a persistent decline versus other goods and services, all other things being equal.In such conditions, people are likely to abandon silver as the medium of exchange and look for another commodity to fulfill this role. Regardless of changes in the silver supply, silver will remain part of the stock of wealth as long as people find it useful to support their lives.The \u201csupply problem\u201d of sound money has been solved thanks to Bitcoin limited supply at 21 million. In fact, BTC has further improved money features by adding resistance to censorship, a transparent ledger, a reliable timestamp tool through its blockchain.Contrast all this with today\u2019s kind of money. It is issued without precious metals deposited for safekeeping. This\u2026<\/p>","protected":false},"excerpt":{"rendered":"
In a barter economy, imagine Peter the miner that produces X ounces of silver. The reason why he mines silver is because there is a market [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/5062"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=5062"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/5062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=5062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=5062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=5062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}