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Crypto is exactly as real as cash. Both crypto and cash have value because people think they have value. That's it. And please don't reply "you need to pay ta
by ars 3y ago
Crypto is exactly as real as cash. Both crypto and cash have value because people think they have value.
That's it.
And please don't reply "you need to pay taxes with it", if an economically failed state uses a currency that no one wants, it doesn't have value even if the state requires it for taxes.
And this is true for everything. Things have value because people value them. Even food. A steak has no value if no one wants to eat it.
- colesantiago 3y ago> Crypto is exactly as real as cash. Both crypto and cash have value because people think they have value. Except crypto doesn't have value at all as it's being manipulated and wash traded on exchanges, especially when Tether is printing constantly and pumping up the price of Bitcoin. Crypto is essentially all based on a pyramid scheme at best and a ponzi scheme at worst.