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Re: Etherium 

By: De_Composed in 6TH POPE | Recommend this post (1)
Wed, 28 Feb 24 12:57 AM | 28 view(s)
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Msg. 50643 of 60008
(This msg. is a reply to 50640 by Zimbler0)

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Zimbler0:

Re: “Can one say 'hyper-inflated' value for what is essentially fiat with no value behind it?”
It gets its value from its limited (for all practical purposes) supply, it's easy mobility, its fame, its impossibility to counterfeit, its integrity, and society's recognition that there aren't very many things that would be better suited for representing and storing value.

If they can solve the transaction difficulties - one of which you named - it will be better "money" than dollars . . . which are being counterfeited quite rapidly by both criminals and governments.

BTW, *nothing* has value beyond what society chooses to assign it. You know this, so I don't know why you keep bringing it up.








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The above is a reply to the following message:
Re: Etherium
By: Zimbler0
in 6TH POPE
Wed, 28 Feb 24 12:15 AM
Msg. 50640 of 60008

>>>
What gives Ether coin its value? -
Cointelegraph
Based on data from YCharts, an average ETH transaction cost $39.49 in February 2021 — significantly higher than levels recorded in years prior. A fee of around $1-$2 would be considered normal.
>>>

Can one say 'hyper-inflated' value for what is essentially fiat with no value behind it?

Zim.


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