well, I am not that sure about it.
printing money out of thin air is usually not the best idea😶
the whole thing reminds me a chair game:
X participants and X-1 chairs. there will be losers in that game, I just hope it is not gonna be me ;)
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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 :-)
That view misses all that is taking place. Think of how far we came as a society in the last 100 years. Consider all that you can buy now that didnt exist 100 years ago.
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it doesnt matter what we can buy now that didnt exist 100 years ago.
printing "money" out of thin air makes it less and less valuable. that's a well known fact :)
while that is true for fiat money, it doesn't seem to necessarily apply to cryptos (look at all the inflationary coins which have increased in value)... but it's a long term experiment
That is because it is not true for fiat either. It could be in some cases but it is mostly because people refuse to look at what is truly taking place.
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Then explain Japan.
They printed money out of thin air for 25 years and had a deflationary spiral.
Seems your fact is completely wrong.
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time will tell who was right 😁
I hope it was you. good luck👍