4 ms·
Pork bellies have inherent value, cryptocurrency has no inherent value.
by minikites 5y ago
Pork bellies have inherent value, cryptocurrency has no inherent value.
- LadyCailin 5y agoNeither does cash, then?
- minikites 5y agoWhat percentage of merchants accept cryptocurrency and what percentage of merchants accept cash? "Fiat currency" may not have inherent value in the same way as gold or pork bellies, but stable currencies (e.g. Euro, US dollar) are backed by governments which have incentives to be good stewards of their responsibility and if those currencies collapsed, I don't think the world would be in a state where cryptocurrency would retain any value.