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One thing crypto has been good for is it made us think critically about why money actually is. It's all a matter of faith and believing someone else will value
by dehrmann 4y ago
One thing crypto has been good for is it made us think critically about why money actually is. It's all a matter of faith and believing someone else will value it in the future...or a military will tell you to value it. Gold has the same issue; its intrinsic value is somewhere around silver or copper.
Once you think about currencies this way, you realize that while crypto could be used as a currency, it isn't; its a speculative investment, like a digital beanie baby.