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The underlying asset for euro's is debt. There's a lot to argue about whether debt makes a good asset for this purpose, but at least there's something. If you h
by kvdveer 4y ago
The underlying asset for euro's is debt. There's a lot to argue about whether debt makes a good asset for this purpose, but at least there's something. If you have a euro, somewhere, a debtor is obligated to give you a euro of value.
There is no such obligation for bitcoin.