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/biz/ - Business & Finance


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>> No.3810205 [View]
File: 898 KB, 1070x6915, Properties of Money.jpg [View same] [iqdb] [saucenao] [google]


True, but gold and silver aren't for some Mad Max level shit. What makes crypto weak is that it does not physically exist. It's a great means of exchange, but it's valued in fiat, and all fiat dies. When fiat dies, crypto is worthless because it has no intrinsic value to fall back on. Gold and silver do.

>> No.2231667 [View]
File: 898 KB, 1070x6915, properties-of-money-infographic.jpg [View same] [iqdb] [saucenao] [google]

Assuming you're not talking about various shitcoins, crypto satisfies all the properties of money...

>> No.1705705 [View]
File: 898 KB, 1070x6915, Properties of Money.jpg [View same] [iqdb] [saucenao] [google]


>Can't something only have a value if your local government recognizes it at such?

The market is what determines what has value, and how much value something has.

An exception is fiat currency, i.e money that only has worth by fiat, which means government declaration.

Fiat paper currency is not money. The U.S Constitution even says that only gold and silver can be used as money, since you can't create them at will like you can paper currency.

BTC is more of a "money" than paper dollars are.

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