I know cryptocurrencies have been around for several years, but my position remains that we will see the value of them all go to zero.
yeah, but what I'm saying is that I think we'll live to see the end of the cryptocurrency fad, and it won't come back
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there is actual technological innovation in play here, not just arbitrary tokens.
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Every cryptocurrency can have a functionally identical clone made of it. Yes, each system may be secure internally, but why choose one over
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another? 2. There's nothing of actual value represented by the currency. In the case of US dollars, there's the government's ability to
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raise taxes backing it up. Gold certificates have gold backing. Cryptocurrencies have nothing
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> Cryptocurrencies have nothing They have the faith of market participants, which is really all those other things have.
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guns >>>>>>>>>> faith
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the venezuelan government has guns
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Fiat currency can have value because of that, but it's not the only thing required.
End of conversation
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you still haven't said why. you just think it's "fake money"?
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