Well some people do. And when some people believe a thing against all reason, we call that a cult. If they get big enough it’s a religion. I worry about the future of the techno priesthood.
Odd, there’s a significant part of the world population that doesn’t believe the Canadian paper money I have has any value and will demand payment in their local paper. Does Canadian money have value?
What is the intrinsic value of a piece of paper? Money is a social phenomenon.
Money is a slice of the gdp.
Perfectly explains why NFTs don’t work. Nobody believes in the value of some bits on a blockchain, so it has no value.
Well some people do. And when some people believe a thing against all reason, we call that a cult. If they get big enough it’s a religion. I worry about the future of the techno priesthood.
Odd, there’s a significant part of the world population that doesn’t believe the Canadian paper money I have has any value and will demand payment in their local paper. Does Canadian money have value?
You’ll find this question already answered in the comment you replied to.