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>seems to be nothing more than a weird ritualistic focus on a particular numeric value of a fiat currency That is what gives fiat value though.. If people lose
by paavokoya 10y ago
>seems to be nothing more than a weird ritualistic focus on a particular numeric value of a fiat currency
That is what gives fiat value though.. If people lose faith or focus, much like a religion, the currency crashes and hyper-inflates. You see this with other countries' currencies all the time.
- thaumasiotes 10y agoNot at all. The currency hyperinflates if it starts getting produced in massive quantities. Then people lose faith.