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To be used as a currency for the virtual borderless world, it needs to be worth at least a few trillion dollars, anything less than that would be too small to p
by rawtxapp 5y ago
To be used as a currency for the virtual borderless world, it needs to be worth at least a few trillion dollars, anything less than that would be too small to power any sizeable economy (especially one that's borderless and worldwide).
Do you expect it to be worth that much on day 1? No! It will grow to that level. And what happens between the 0$ value and trillions? It acts as a store of value with a great upside. Once it gets closer to it's real value, it starts to act as a means of exchange and currency.
Just because something is virtual doesn't mean it doesn't have any value. There's lots of virtual things that people value highly.
They can ban it all they want, they can't stop it, that's the whole point of the exercise.