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Re: Embattled Crypto Exchange FTX Files for Bankruptcy

By: Decomposed in 6TH POPE | Recommend this post (0)
Sat, 12 Nov 22 2:25 AM | 25 view(s)
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Msg. 37317 of 58648
(This msg. is a reply to 37313 by Zimbler0)

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Zimbler0:

Re: “What might give any crypto-currency 'Real Value' ?”
People's appreciation of the fact that it can facilitate transactions, cannot be debased and is really hard to track.

Ultimately, "value" is a purely psychological concept. Nothing has "value" if nobody appreciates it and everything with value will revert to zero value when, one day, humanity becomes extinct. It's important to understand that - and its irrelevance to those of us who are alive today - in order to appreciate the flaw in the point I assume you are making.








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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Re: Embattled Crypto Exchange FTX Files for Bankruptcy
By: Zimbler0
in 6TH POPE
Sat, 12 Nov 22 2:13 AM
Msg. 37313 of 58648

Out of curiosity . . .

What might give any crypto-currency 'Real Value' ?

Zim.


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