Of course people can give anything value if they believe it has value, but why do people believe crypto has nonzero value? All answers to that question are circular.
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It's just a trading token, a dollar doesn't have value either. Hell, gold only has value because it's durable and rare and people like it, it's not like gold has any particularly useful properties when viewed in the context of its rareness. All money is shared delusion.
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Gold is both useful and pretty. The dollar is required by law and backed with force.
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That's why gold is not ideal as a currency. Its rarity and useful electrochemical features shouldn't be tied up artificially as a proxy for valuing other things.
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That's actually what makes it useful as a currency
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The ideal currency is one that has absolutely no value whatsoever, but meets all the characteristics of a currency. One never has to worry that some new use of a cryptocurrency will artificially change its value because storing value is the only thing it does.
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Strong disagree
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(The dollar has most of that, but why does it have any value at all? Because the government collects taxes in it and enforces that with guns.)
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A currency with no value is useless as a currency
End of conversation
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