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This is true of currency as a whole. Money only has value if people are willing to exchange things for it.
by cube13 13y ago
This is true of currency as a whole. Money only has value if people are willing to exchange things for it.
- unclebucknasty 13y ago>Money only has value if people are willing to exchange things for it. True, but, here we are talking about something different. That is, the value of BTC is not simply defined by its technical merits, but can be devalued if the ecosystem for managing/utilizing/exchanging it is unhealthy. In other words, the value of money is also affected by whether people are able to exchange things for it.