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<p>[QUOTE="johnmilton, post: 7814035, member: 101855"]Neither do I.</p><p><br /></p><p>Regular money derives its value from the fact that it is accepted under the law to satisfy debts. That includes settlements when you take people to court.</p><p><br /></p><p>Crypto gets its value from the fact that other people and business accept it as money. It does not have the force of law behind it, and unlike a corporate bond or stock, there are not rights to participate in the future earnings of a corporate enterprise.</p><p><br /></p><p>When I went to school crypto sounds like something whose value is dependent upon "the bigger fool theory." As long as you can find others who accept it, it keeps going. If they stop accepting it, it's a marker on a computer server.</p><p><br /></p><p>That's not much different from holding money issued by a broken bank in the 19th century or The Confederate States of America just after the Civil War.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 7814035, member: 101855"]Neither do I. Regular money derives its value from the fact that it is accepted under the law to satisfy debts. That includes settlements when you take people to court. Crypto gets its value from the fact that other people and business accept it as money. It does not have the force of law behind it, and unlike a corporate bond or stock, there are not rights to participate in the future earnings of a corporate enterprise. When I went to school crypto sounds like something whose value is dependent upon "the bigger fool theory." As long as you can find others who accept it, it keeps going. If they stop accepting it, it's a marker on a computer server. That's not much different from holding money issued by a broken bank in the 19th century or The Confederate States of America just after the Civil War.[/QUOTE]
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