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The Four Dimensions of Currency
I find it useful to establish four measures for every putative currency. Question one, is it a sound store of value? For example, gold versus Indian rupee over 100 years. The second dimension is anonymity. A currency that gives higher anonymity is a good thing. Third measure is capital controls. What is the ease of moving cross border? We all want a currency which is less onerous in terms of moving across the border. And the fourth dimension is about ease of API access.