At it's core currency represents work. There has to be meaningful work behind the currency to give it value.
Is it backed by gold, where someone extracted that valuable resource and it is in a prepared state?
Is it backed by the dollar which is supposed to represent the labor of the people and the value that represents.
The biggest red flag about crypto is that it is a market system built for money changers to profit off of almost anonymously. At least the stock market is owning part of a physical, operating business.
Spin up their own currency... Holy shit.
At it's core currency represents work. There has to be meaningful work behind the currency to give it value.
Is it backed by gold, where someone extracted that valuable resource and it is in a prepared state?
Is it backed by the dollar which is supposed to represent the labor of the people and the value that represents.
The biggest red flag about crypto is that it is a market system built for money changers to profit off of almost anonymously. At least the stock market is owning part of a physical, operating business.