They basically work by having lots of people agree that they’re worth money. In other words, they’re exactly like any other form of currency. Minus the backing of someone with actual means and motivation to directly exchange them for goods and services that are worth obtaining.
They basically work by having lots of people agree that they’re worth money. In other words, they’re exactly like any other form of currency. Minus the backing of someone with actual means and motivation to directly exchange them for goods and services that are worth obtaining.