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RE: Discussion Time - If it is We Who Give Value to Money - What of Crypto?
He who can no longer pause to wonder and stand rapt in awe, is as good as dead; his eyes are closed.
- Albert Einstein
He who can no longer pause to wonder and stand rapt in awe, is as good as dead; his eyes are closed.
- Albert Einstein
Value is same as everything else. It is a function of demand and supply. Supply is fix and predictable. So it depends on demand.
Hey there @lukynator. Thanks for the up-vote and comment :c)
Don't mind wise-old-man. Its just a quote-bot. ^_^
Well yes, you make a fair enough point.
Supply and demand do affect value - but surely there is something more. After all - if we look at fiat money - the true value of money could be said to be directly related to what one can trade it in for. :c)