374 Dogecoin is just made up money with infinite supply... (media.greatawakening.win) posted 3 years ago by ostof 3 years ago by ostof +374 / -0 68 comments download share 68 comments share download save hide report block hide replies
Sorry, what is it backed by? You could say it's a medium for exchanging labor but it's printed and given to people that do not perform any labor.
Paper notes and the fed. Decentralized crypto has neither. Our acceptance of the currency is the only thing that gives it value.
Not an expert, just shower thoughts.
Decentralization and a finite supply. Fiat money has neither. Our acceptance of the crypto is also the only thing that gives it value.