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Cake day: June 12th, 2023

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  • Mr_Dr_Oink@lemmy.worldtoGames@lemmy.world*Permanently Deleted*
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    9 days ago

    Isnt the difference that money is valued against something tangible. Like gold, oil or data. The strength of a countries currency is based on how much of these things it has.

    Whereas crypto isn’t valued against anything other than thoughts and prayers. If people think it has value then it has value. Until people no longer think it does, at which point it tanks and you are no longer rich. It’s the same as those NFTs.

    Sure you can make money in crypto, you can exchange it for traditional money if you play the game well. But that doesnt mean crypto has any inherent value.