3 ms·
Intrinsic value of Cryptocurrency is 0. Period.
by kortext 9y ago
Intrinsic value of Cryptocurrency is 0. Period.
- deweller 9y agoSo is a piece of paper with fancy printing on it that says ONE HUNDRED DOLLARS. Currency is an abstraction. It is a social contract to value something at a certain level. That contract is enforced at the highest levels in our county which is why it works so well. But make no mistake, $100 can buy stuff because only because we all agree to value it at about the same level. If the government collapses, that piece of paper's only worth is how much warmth it will give you when you set it on fire.
- kortext 9y agoDo you really wanna compare private company with legitimate government? Which private company has such a power and credit backed by gigantic land & properties, all the resources from those land, super control from police, military forces? Present value of legitimate tender is printed on it's face and legitimate government CAN force it. Never, ever confront to big brother. Don't be childish. Grow up. If you are not humble, the market will humble you.