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>Money as we know it depends on the authority of the state for credibility, with central banks typically managing its price and/or quantity. More accurately st
by VT_Drew 9y ago
>Money as we know it depends on the authority of the state for credibility, with central banks typically managing its price and/or quantity.
More accurately stated:
Money as we know it depends on the authority of the state for credibility, with central banks typically manipulating its price and/or quantity.
Which is why Cryptocurrency is attractive in the first place.
- zzalpha 9y agoWhich is why Cryptocurrency is attractive in the first place. I expect if you did a survey, a very small, very libertarian group of cryptocurrency "investors" may be concerned about governments managing their respective currencies. The vast majority just wanna make money on the hottest new thing. A subset of those people might even believe in the fundamentals. The rest are just glorified gamblers.
- ryanmarsh 9y agoThis reminds me of the dot com boom. There was a very small very libertarian group of people excited about things like disintermediation, the vast majority of investors just wanted to make money on the hottest new thing, a subset of those might have believed in the fundamentals but the rest were just gamblers. The more things change the more they stay the same. LOL