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Value exists only in the eyes of the buyer. Trying to lock value in whateverthing outside of the context of its use is exercise in creating false idols. And in
by gostsamo 4y ago
Value exists only in the eyes of the buyer. Trying to lock value in whateverthing outside of the context of its use is exercise in creating false idols. And in that line of thought, central currencies have value just because the government says that they have value. As far as the common agreement is that governments are worth it, then central currencies will be the default stuff. This is the non-technological chain of trust that crypto bros are trying to fight. If they were not scammers, they would've noticed that this is the wrong place to attack it.
Find something that can do government's job better than the government itself and its mechanism of value exchange will dominate the world. In the meantime, do not invest in scams.