Subj : Non-Fungible Currencies
To   : All
From : warmfuzzy
Date : Sat Sep 24 2022 05:51:07

What makes people trust in the American dollar?  After all, it is just a piece of paper with a value printed on it.  Is it strange then when we find new currencies that pop up that also claim to be worth something when there is no direct value for that currency?  We've got BitCoin, LiteCoin, BitCash, etc etc.  It seems like people are adopting BitCoin en-mass.  A currency is only worth what people are willing to trust it in keeping its value.  If everyone tomorrow decided that BitCoin isn't worth anything then it wouldn't be worth anything, likewise if Monero is perceived to store value in it in a secure fashion then those who invest in it make it exist, or at least have the perception that there is value stored in those pieces of data flowing through the Internet.

What do you think?  Do we have something of value in these new e-currencies or is it a sham?

Cheers!
-warmfuzzy

--- Mystic BBS v1.12 A47 2021/12/24 (Linux/64)
 * Origin: Sp00knet Master Hub [PHATstar] (700:100/0)

.