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Joined 2 years ago
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Cake day: June 10th, 2023

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  • The key feature is that there’s a mechanism that limits supply. Other than that, value only exists because enough people agree that it has value. Fiat currency is exactly the same in this regard.

    I think your questions indicate that you don’t have sufficient understanding of how “ordinary” money works. It’s just a promise of being able to exchange it for goods & services in the future, and its value hinges on people trusting that promise.