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Only Gold and silver are money, because they have intrinsic value. Everything else its currency (Dollar, Yen, Euro), in the history of mankind there has been h
by jcslzr 10y ago
Only Gold and silver are money, because they have intrinsic value.
Everything else its currency (Dollar, Yen, Euro), in the history of mankind there has been hundreds of currencies, and at the end, all of them were worth nothing.That will happen sooner or later to the Dollar, and its going to be a big crisis.
Blockchain solves the currency problem of manipulation of volume (which is what causes at the end that currencies end up worth zero), it will be the currency of the future, but it does not look like Bitcoin will be the blockchain currency that will dominate.
- clarkcox3 10y agoBut gold and silver only have "intrinsic" value because we have faith that they do. Even the gold standard is based on faith.