• lseif
    link
    fedilink
    arrow-up
    1
    ·
    1 year ago

    no money has inherit value, but we give it value. just like crypto.

    really what is the actual difference? just because crypto is not backed by a corrupt government?

    • Flying Squid@lemmy.worldOP
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      The American corrupt government insures your money through the FDIC, so if the bank collapses, you get to keep your money. Also, corrupt credit card companies do not force you to pay for transactions from a stolen credit card and you don’t lose money because of it.

      What guarantees like those do crypto currencies have?