Disagree. It sounds like you're talking specifically about BTC.
How did you get that out of what I said?
Btc is the largest market share. To suggest it isn't important in the crypto market is ludicrous. If Btc and Eth fell, the market would fall like a rock. No one would have any faith in any other crypto. I mean sure, a few people would hold on with both hands, but every single retailer that has gotten on board would dump it like a hot rock. Outside of the grey and black market, it would be destroyed.
Maybe your definition of fatih is different than mine?
faith: complete trust or confidence in someone or something
Faith is belief. A real asset is not faith. It has value in its physical existence itself. A house has value extrinsic to its bank loan value. Food has value extrinsic to its looks on the shelf. Silver has value extrinsic to its value as a currency.
Btc has no value whatsoever other than the belief and trust of the people that have invested in it, and the stores that accept it. Once stores no longer accept it, the belief of the investors will fail. The fraud of fiat currency, any fiat currency will be revealed. No one will trust it again.
The warehouse I have with 24 machines that process electronic transactions don't look like "faith." to me.
That my friend is exactly what faith looks like.
Guess what it will look like when faith is gone.
Disagree. It sounds like you're talking specifically about BTC.
How did you get that out of what I said?
Btc is the largest market share. To suggest it isn't important in the crypto market is ludicrous. If Btc and Eth fell, the market would fall like a rock. No one would have any faith in any other crypto. I mean sure, a few people would hold on with both hands, but every single retailer that has gotten on board would dump it like a hot rock. Outside of the grey and black market, it would be destroyed.
Maybe your definition of fatih is different than mine?
faith: complete trust or confidence in someone or something
Faith is belief. A real asset is not faith. It has value in its physical existence itself. A house has value extrinsic to its bank loan value. Food has value extrinsic to its looks on the shelf. Silver has value extrinsic to its value as a currency.
Btc has no value whatsoever other than the belief and trust of the people that have invested in it, and the stores that accept it. Once stores no longer accept it, the belief of the investors will fail. The fraud of fiat currency, any fiat currency will be revealed. No one will trust it again.
The warehouse I have with 24 machines that process electronic transactions don't look like "faith." to me.
That my friend is exactly what faith looks like.