web3/concepts/dollar.md

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US Dollar

The US dollar is the currency of the United States and acts as a reserve currency for international commerce.

Properties

The dollar is a currency.

The dollar is not a speculative investment.

The dollar is inflationary.

The paper form of the dollar is a bearer instrument.

The dollar has no fundamental value.

The dollar has no use value.

The dollar has no income-cashflows.

The dollar has a present-value of zero.

The dollar has a terminal-value of zero.

The dollar is a non-productive investment.

The dollar is not a security.

The dollar is issued by a central banks.