Crypto Intrinsic Value
The cluster centers on debates about whether cryptocurrencies have intrinsic value, their worth as currency compared to fiat money, and criticisms that crypto's value is speculative or dependent on fiat exchange.
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Crypto is worth something in that it can be sold at a higher price. USD is worth something in that at the point where it isn't you already have much bigger problems
Crypto as currency is basically worthless if you cannot find someone to take some and convert it to things with normal values.
Crypto offers very little in terms of intrinsic value (it's not zero though)
Isn't that the value proposition of crypto?
Crypto only has an opening because all the other functioning currencies are actually just electrons with no intrinsic value whatsoever too.
When most people say "crypto is useless", that is rarely about BTC being used as a currency, and is more about everything else in crypto (NFTs, web3, smart contracts, decentralized apps, ICOs, etc). The idea of a currency which has value because people give it value makes sense, regardless of how speculative it is.
You're right.Fiat currency has no intrinsic value itself, but it can be exchanged for things that do. As long as people treat it like it has value, then it does have value.The same can be sort of be said for crytocurrency. But it's a lot less liquid, mostly the only thing you can do with it is trade it for other cryptocurrencies or sell it. It's on much shakier ground that people will continue to view it as having value.My advice, for what it's worth, until people fi
Crypto without fiat exchange is worthless..am I wrong? Like I would start minting my own illegal currency.
It seems like you don’t want to hear dissenting opinions because you have a vested interest in crypto and it’s unpleasant to consider that you may be wrong. His opinion is just as valid as yours, and HN exists for such discussion. So, in the interest of hearing both sides, what benefits do you claim crypto provides that aren’t already provided by fiat currency?
What value does a cryptocurrency bring that cash does not?