Digital assets are based on the actual value use case, fiat is more based on the political climate and public opinion. This is why Fiat is always in danger of crashing.
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Digital assets are based on the actual value use case, fiat is more based on the political climate and public opinion. This is why Fiat is always in danger of crashing.
Exactly, cryptocurrency represents actual value of some kind, the really hard thing to grasp conceptually what that value is. We are so used to delegating value to a monetary value. What is interesting is is how highly we value fashion, trend and a sense of being ‘in the know’ but let’s be honest those are real cultural values that we really do value. Doge.
Those are good points. At one time in Rome Salt was used as currency. Back when the Greek island of Crete was at its economic best the fashion of the day dictated that women should dress with their breasts on the outside of their clothing, in fact, the dresses were designed with this in mind.
I am waiting for the day when Fiat or cash is as old-fashioned, as using salt for currency.
Not in most cases. What is the use case of Shiba Inu.
And fiat is based upon the productivity of the economy using that currency. When you look at the USD it has the strongest network effect out there in the non-digital world.
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My mind is blown, that is right there are a lot of useless "meme tokens" out there but they do not even make it on my radar because You, and Jon Olson, also Blain Jones, have taught me to look for crypto that has a good "Use Case"
This is why I am thankful for Hive, and marvel at how this opportunity will not slip through my fingers.
I feel like we are on the cusp of something that great, I do not at this point have the words, but we all get a little bit better everyday :-)