« GRITZ Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Predatory Sparrow

By: De_Composed in GRITZ | Recommend this post (0)
Thu, 19 Jun 25 3:51 AM | 15 view(s)
Boardmark this board | Grits Breakfast of Champeens!
Msg. 09925 of 10001
(This msg. is a reply to 09921 by monkeytrots)

Jump:
Jump to board:
Jump to msg. #

mt:

Re: “Currencies have governments backing them. Crypto has nothing.”
What gave you that idea?












- - - - -
View Replies (2) »



» You can also:
- - - - -
The above is a reply to the following message:
Re: Predatory Sparrow
By: monkeytrots
in GRITZ
Thu, 19 Jun 25 3:32 AM
Msg. 09921 of 10001

Fiz, do you own any crypto ?

Have you conducted any transactions using crypto ?

Just curious. I suspect that you have not.

You have a fundamental lack of actual understanding on how the value of any 'crypto' is established.

They are created out of thin air, and have absolutely nothing behind them giving them any value.

Markets for physical goods do NOT 'establish' fundamental value - physical goods have intrinsic value in and of themselves. Housing, food, etc. Laws of supply and demand set EXCHANGE rates for those items. Currencies have governments backing them.

Crypto has nothing.


« GRITZ Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next