Hacker News new | ask | show | jobs
by thecrash 1860 days ago
Presumably your complaint is that cryptocurrencies don't have "economic value", but what theory of value are you using to decide that?

Exchange theory of value says that a commodity has two values: a use value (what it can do for you outside of the market) and an exchange value (what others will give you for it in the market).

I think it'd be correct to say that cryptocurrency has no use value, but it obviously does have economic value. And it's far from the only asset with these characteristics.