Reply To: Cryptocurrency

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#1939692
Yserbius123
Participant

@ujm and @jude You are missing something big when it comes to currency value. A dollar is valuable because billions of people assign value to it. I can walk into any store in the US and my dollar bill will be accepted there. Crypto doesn’t have that value. The vast majority of people do not accept payment in Etherium or Dogecoin in exchange for goods or services. It’s value comes almost entirely from the fact that people like to invest, buy, and sell it. (The few people who do accept it as currency are overwhelmingly drug and gun dealers, relying on the inherent anonymity of blockchain.) That alone makes it an extremely volatile system who’s value is very unstable.