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by Dracophoenix
1893 days ago
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The same could be said of the US Dollar (or anything really). All value is speculative until proven and changes in those speculations can't be stopped. What's worse in the Dollar's case vis a vis crypto is that the divorce between "real" value and "created" value is determined by a tiny group of institutional bankers and their government liaisons. Reality, much less work ethic, won't change their minds. If you think that crypto is akin to a religious sect, then the Fed is a financial Vatican slowly collapsing in its importance while denying it all the same. Rid yourself of the fallacy that holding on to value is hoarding lest you believe that what one does with one's wealth should be determined by others. |
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