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Real life currency also has the backing of the economy they represent. That's why USD is "strong" and Zimbabwean dollars were "weak." Crypto has nothing. It's
by 1270018080 5y ago
Real life currency also has the backing of the economy they represent. That's why USD is "strong" and Zimbabwean dollars were "weak."
Crypto has nothing. It's just environmental destruction and/or pump and dump schemes.
- koonsolo 5y agoWhen people decide to use crypto instead of USD, your economy is not backed by USD anymore.
- 1270018080 5y agoThe dollar is still backed by the economy though. It's fundamentally the government's ability to pay down debt from taxes.