Crypto currencies have no intrinsic value. State currencies at least are backed by the state’s ability and willingness to tax. The only value crypto currencies have is created by the hype surrounding them. It’s like the emperor has no clothes. As long as people believe it works but when they don’t it has no value
Crypto currencies have no intrinsic value. State currencies at least are backed by the state’s ability and willingness to tax. The only value crypto currencies have is created by the hype surrounding them. It’s like the emperor has no clothes. As long as people believe it works but when they don’t it has no value