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> It's being supported by assets with real value. What does "real" value means?
by ccortes 6y ago
> It's being supported by assets with real value.
What does "real" value means?
- OscarCunningham 6y agoGood question. Here I meant it in opposition to the 'fake' kind of value that gold and bitcoin have, where people value them purely because other people value them. Of course gold and bitcoin do have real value in the sense that the market is willing to buy them for a certain price, but the social network effects that give them value are different from how the dollar obtains its value.