3 ms·
> One of the founding myths of cryptocurrencies is that fake money like Bitcoin isn’t dependent on society at large to operate. What could this possibly mean?
by oconnor663 8y ago
> One of the founding myths of cryptocurrencies is that fake money like Bitcoin isn’t dependent on society at large to operate.
What could this possibly mean?
- woliveirajr 8y agoMoney just have value because society (be it government or just a group of people) need to accept it so it has value. Either government makes it mandatory ("everybody must accept dollar bills as payment"), or people accept them at free will ("I will give you this horse if you give me 3 sheeps").