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When power drops, i can still trade my potatoes to any other goods. There is nothing i can do with my digital coins.
by GrumpyNl 9y ago
When power drops, i can still trade my potatoes to any other goods. There is nothing i can do with my digital coins.
- BjoernKW 9y agoIn principle the same applies to paper money, too (if power is out for more than a few days). Currencies by their very definition don't have intrinsic value other than as a means of exchanging goods and services. Some might be backed something that has a perceived real-world value but even in that case we're usually talking about precious metals, which themselves don't have any intrinsic value either.