Almost all of the "Currency in circulation" is debt based. Which is why the deflationary cryptocurrencies that was 'created out of nothing', are actually worth more. They are also backed by their transaction records, their self enforced security, and the work efforts of the miners and stakers. Which is where it's value is derived from.
Now truthfully, crypto is closer to a token, than it is an actual currency, but true currencies such as gold and silver aren't utilized in our daily lives anymore. And I'll take tokens over debt based fiat any day.
Almost all of the "Currency in circulation" is debt based. Which is why the deflationary cryptocurrencies that was 'created out of nothing', are actually worth more. They are also backed by their transaction records, their self enforced security, and the work efforts of the miners and stakers. Which is where it's value is derived from.
Now truthfully, crypto is closer to a token, than it is an actual currency, but true currencies such as gold and silver aren't utilized in our daily lives anymore. And I'll take tokens over debt based fiat any day.
Everyone's an expert now-a-day.
Omg!
New fake money worth more than old fake money!
What do?