4 ms·
It's certainly possible, it has no practical use, it is not backed by any 'buyer of last resort', its value is solely derived from faith that it will keep incre
by walrus1066 9y ago
It's certainly possible, it has no practical use, it is not backed by any 'buyer of last resort', its value is solely derived from faith that it will keep increasing in value. If the holders of coin lose this faith, nobody will want to buy it, so it would effectively become worthless.