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by rafael09ed 1855 days ago
Might as well make it so people can't speculate on stocks or commodities.
2 comments

Pork bellies have inherent value, cryptocurrency has no inherent value.
Neither does cash, then?
What percentage of merchants accept cryptocurrency and what percentage of merchants accept cash? "Fiat currency" may not have inherent value in the same way as gold or pork bellies, but stable currencies (e.g. Euro, US dollar) are backed by governments which have incentives to be good stewards of their responsibility and if those currencies collapsed, I don't think the world would be in a state where cryptocurrency would retain any value.
Gold, and Silver, can be made into jewelry.
So can bitcoins.