token money

The cost of production of token money is less than its actual value.

There are some interesting hybrid forms of token money.

Token money was issued accordingly, and families purchased food at a large grocery store.

Like in other towns, token money in billions was widespread.

Most modern coins used in circulation are token money, as are paper notes.

Paper money is not real money it is token money.

Another simulation of token money is that of smart card money.

Token money is money made from tokens of some form, as opposed to account money.

Where property rights are not strong, privacy is required to protect assets and permit trade, and token money works well in this regime.

During the Han Dynasty, deer skins were used to make token money notes representing 400,000 coins.

All money became token money.

Token money notes made of embroidered white deerskin, with a face value of 400,000 coins, were used to collect government revenues.

Owing to high inflation, Schüttorf was forced to issue token money and bread tokens.

From 1816, coins generally became token money, though some large silver and gold coins remained standard coins until 1927.

Token money has a strong privacy feature in that it works as money without the intervention of any other party in each transaction between two parties.

"It's just panty hose and token money," Mr. Luisi said.

"Benefit prices are getting higher and higher, and $300, $400 and $500 is not token money."

Finney's purpose for RPOW was as token money.

Money is usually not seen as a qualification that is attached to a specific person as token money is taken to have a value on its own.

Token money is also money whose face value exceeds its cost of production, i.e. the intrinsic value is lower than the extrinsic value.

Account money systems protected by SSL such as PayPal and e-gold were relatively successful, but more innovative mechanisms, including blinded token money, were not.

This special form of a cryptographic signature permitted a virtual coin to be signed without the signer seeing the actual coin, and permitted a form of digital token money that offered untraceability.

Since, unlike physical token money such as coins, electronic files can be duplicated, and hence the act of spending a digital coin does not remove its data from the ownership of the original holder, some other means is needed to prevent double-spending.

However, to defend against infinite copying, the coin should be rolled over at the server in an exchange for a fresh coin, so these forms of token money are at best a simulation of physical tokens, as they permit traffic analysis.