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RE: Intrinsic Value: Which do you prefer- Fiat or Precious Metals?
Oh Zacky-Boi, you are so Silly!
Even in your totally digital/fiat dream world,
it MUST be backed by something other than
digits and dreams! GOLD and SILVER. These
are the basis of MONEY for over 10,000 years...
Now me? I'm Smart, I am into ALL THE ABOVE.
You need to watch @silversaver888 youtubeZ
channel, she has ALL THE ABOVE as well 💪👍💪
PS: The Romans had a military too, and it did not
keep them from falling, in the end. They had to PAY
the soldiers and when they devalued their coin it
hastened their failure. I guess you have missed
the Trump Video about the Gold Standard? 🥇🥇🥇
Crypto is backed by other people who trade it, and its a store of value traded and valued re-veered for its mathematical basis. The cryptography itself is the basis... the value of a network spiraling off into complex proof of work hashes is the value and its a deep seated human nature that makes people want to collect something that CANNOT be duplicated. Paper fiat money got us to the point of computers and internet where the Gold is where it belongs, used as a precious commodity for hi tech manufacturing!
Also this is besides the point as unbacked paper fiat backed by No gold brought us to a point of wealth unimaginable to people using the gold standard a hundred years in the past.
U need to start at "MONEY 101" cuz DEBT (fiat) never built anything.
But, Crypto can do much more with it's deflationary system than FIAT did with inflation. There's a lot more to the puzzle! CRYPTO is awesome, and I am in big time.