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RE: WARNING - ARE STEEM AND SBD REALLY JUST "MONOPOLY MONEY?"

in #steem-price7 years ago

Well, frankly spoken, yes it is monopoly money. But so is the US$, or any other currency without a intrinsic, material value. Its only worth something as long as people believe its worth something. Thats a fact that we should - despite all deserved enthusiasm - keep in mind.

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Right. Both are fiat.

Hehe... it reminds me of what we say in Germany about what FIAT (the car brand) stands for: "Fehlerhaft In Allen Teilen" - translated that means: faulty in all parts. :)