4 ms·
How the hell did COVID, a period over which the dollar’s value has increased, reveal the USD as a scam? What COVID did is reveal what a currency actually is. I
by rhaway84773 4y ago
How the hell did COVID, a period over which the dollar’s value has increased, reveal the USD as a scam?
What COVID did is reveal what a currency actually is. It’s a bet on the reliability of the backers of the currency. In the case of the USD, that would be the US government and economy.
BTC only has value because people don’t seem to understand this basic fact of a currency.
- Kinrany 4y agoAnything with fixed supply that can be used as medium of exchange has non-zero value to market makers.