17 () posted 132 days ago by DrLeaks2 132 days ago by DrLeaks2 +18 / -1 11 comments share 11 comments share save hide report block hide replies
The reason fiat has value is because there is a giant mafia that will smash your skull if you try to do anything that goes against it.
The reason Monero has value is because you can use it to transfer value around the world instantly.
What you posted is a piece of paper that anyone can print and has no backing, thus worthless.
Right, and that's the point: western currency is issued by people, like you and me, and is backed by nothing. Your first assertion is very true – as well as the fact that there is a mass agreement to use and trade fiat currencies.