The Reddit Blog

Money is a well-accepted asset within a community as a means of payment for its economic and commercial exchanges. These assets or goods serve as a unit of account and a store of value. They help measure the value of things on the same scale, thus facilitating exchange and transactions between people.

Usually, when we talk about money, we immediately think of the bills and coins with which we buy things on the street. However, these objects are only representations of the expressed value. They do not have a value in themselves but instead have a deal accepted by convention.

For example, a 100-dollar bill is equivalent to that value. It is exchangeable for goods or services until it reaches that value, but it is just a piece of paper or minted metal fragments in the case of coins. 

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