/biz/ - Business & Finance

>>15215618
>Why the austrians are so obsessed with money backed by something?
Strawman.
>The gold standard was abolished because it was irrelevant
Wrong.
>the only thing that is important is that the money must be legitimized by who has the monopoly on violence.
Wrong.
>I know that the libertarian or the communist doesn't like it
Wrong. Communists very much like this.
>but that's how the world works
Not since the invention of Bitcoin.
>we're not talking about funny dreams or utopias
Neither are Bitcoiners.

OP I have an economic question. Why do CSGO and Dota2 skins have market value?

>t. someone who never grew a flower in his life, let alone a fucking bonsai

>>12873739
Bitcoin yearly lows:
2012 – $4
2013 – $65
2014 – $200
2015 – $185
2016 – $365
2017 – $780
2018 – $3200

You are right, the value isn't just stored, it is appreciating as fuck because we are still super early and the stock to flow ratio is getting lower every 10 minutes.