Fiat currency has evolved from being an I.O.U. backed by real commodities, to worthless paper.
On the other hand, crypto-currency began life as a worthless stream of numbers, but is now (mysteriously) worth quite a bit of cash.
On the other hand, crypto-currency began life as a worthless stream of numbers, but is now (mysteriously) worth quite a bit of cash.
Per the David Graeber quote on the above, "It's more a speculative commodity than a viable currency." Which is generally how I view it...
Both have utility and usefulness, and value proportional to that. Usefulness creates demand, demand creates value, and demand/supply = quantity of value.
The comparative utility and value of fiat vs crypto is a fascinating rabbit hole.