this post was submitted on 09 Feb 2024
989 points (97.1% liked)
Technology
59627 readers
2911 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Crypto isn't a currency, it's a commodity for trading. One that doesn't physically exist. No inherent use and no inherent value.
Sure, it's like if you printed ink on paper and pretended it was equivalent in cost to material goods.
Or if you pretended that material goods had an inherent value.
Indeed. All "value" is ultimately something that is collectively decided upon by society. A chunk of rock could be worthless or worth billions depending on how much people want it.