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I don't agree. I believe currencies not backed by countries have a real use in the world, and labeling any and all as a Ponzi scheme is a misnomer. Anything has
by tradersam 9y ago
I don't agree. I believe currencies not backed by countries have a real use in the world, and labeling any and all as a Ponzi scheme is a misnomer. Anything has value if we assign it, and even if 5% of the world considers crypto valuable I'd call that a successful currency, to those who value it.
- losteric 9y agoValue is not the criteria for currency - otherwise Magic cards and Beanie Babies would count. Currencies must be widely accepted in exchange for goods or services. Crypto is promising, but it's not there yet.