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It's like saying that more aluminum you own the more you have an interest in ensuring no manipulation. Same for oil. No idea what praxeology says about it but i
by bluecalm 5y ago
It's like saying that more aluminum you own the more you have an interest in ensuring no manipulation. Same for oil. No idea what praxeology says about it but it's definitely not what happens in the real world.
- yossarian1408 5y agoIt's not like that at all. Aluminium is a commodity good - it holds value regardless of other people's valuations and expectations. Cryptocurrency is entirely dependent on other people agreeing that it is valuable, and that means trust and utility.