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Many in the cryptocurrency space throw around the "currency is not real" and "currency only has value because we believe it does." These cliches betray an ignor
by omegaworks 8y ago
Many in the cryptocurrency space throw around the "currency is not real" and "currency only has value because we believe it does." These cliches betray an ignorance of the very real power relationships at play in the space.
The strength of the US dollar is supported not just by the imaginations of its users, but by the political and trade relationships made and sustained by the will of the US government.
This is just one small example of the weight thrown around when the dominance of the dollar is threatened.