The fundamental value of cryptocurrencies is a shared agreement of value amongst investors.
I imagine some snotty 14-year old would argue that there is no fundamental distinction between the two but that's not being economically serious.
The fundamental value of cryptocurrencies is a shared agreement of value amongst investors.
I imagine some snotty 14-year old would argue that there is no fundamental distinction between the two but that's not being economically serious.
If people stopped believing in America, the dollar would go. How little would have to fail for Bitcoin to have the same problem. I've heard that if the person who owns the large stake in Bitcoin were to transact even one of their coins, all hell would break loose. That doesn't spell stability to me. Neither does "forking" the currency.
Interesting, considering that the purchasing power of the dollar has been long in decline. It holds its place against other currencies, but with dollars you can't buy as much stuff/assets today as you could yesterday.
It's quite clear to me which one is a more moral system.
Again, based on your own definitions.
The fundamental value of a national currency is not violence. It is civil society.
It's quite clear to me which one is a more moral system.
It's not really clear to me how this word salad you've thrown out is supposed to be an actual argument.