Quote:
Originally Posted by pyroguy
The difference between the dollar and crypto is that while the dollar isn't fully backed by gold anymore, it still has gold backing and the government has assets such as land, buildings, mine able resources, etc to back it up. Crypto is theoretical money. It's physical value is even less than Monopoly money because at least Monopoly money is printed on paper that can be recycled.
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But isn't all money theoretical money? It has value because we say it does. In Africa they don't value their money, instead they value cell phone minutes so they trade with those instead of money. Value in subjective.