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Cryptocurrency Explained

24th December 2017

Money has value because people want it: gold, silver, cows, etc.

Fiat money has value because a government can force people to take it.

Bitcoin and other ‘cryptocurrencies’ have value because the people who brought you the Dot-Com Tech Bust say so.

Take whatever action you deem appropriate.

Morgan Stanley says the true price of Bitcoin might be zero I rather suspect that Morgan Stanley knows more about this than you or me.

This entry was posted on Sunday, December 24th, 2017 at 12:39 and is filed under Think about it.. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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