So now they have risked everything by too quickly trying to regain their advances in objectives and time in such a way as to allow it to be understood by the people. They must have an end date. Why? What is it? What is its significance? I keep coming back to these questions. Why would they risk it all instead of just slowly regaining their advances and continuing as normal?
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Fiat is not backed by anything and is controlled by the govt. Crypto, while not currently backed by anything, is controlled by we the people and is decentralized and the pitfalls of fiat have been designed out. Please do some research before posting.
You are clearly an idiot. Good day.
Crypto, like any currency, gains value when someone accepts it for exchange of goods/services. If you go to Chuck E Cheese (or Dave and Busters) and buy a gaming card loaded with points, you can spend it on games. You can also sell an unused card to someone at a small discount and it will hold value.
Crypto is the same thing. As soon as someone accepts it for some service in return, then it holds intrinsic value. An example, there are some crypto currencies that exist that can be used to pay for porn on specific websites. The value of the crypto is driven by the goods that back it. If no one has interests in those goods, then the value of the crypto drops.
Bitcoin is accepted by multiple places for goods and services including Tesla. So you can't say it has no value because you can exchange it for hard goods.
Been paying for groceries gas and cell phone with crypto for 9 months now
Hah. You rock! I'm curious what the fees for the exchanges are like? I never used it for primary exchange because there are fees tacked on to every transaction and it ends up being cheaper to use a credit card with rewards than crypto.
I pay no fees for purchases but transferring depending on the currency can be cheap or expensive xrp is usually around 1% but ethereum can cost an arm and a leg