What drives the value is blind greed and cult beliefs.
The cultist will be triggered by this and will soon be here to inject their canned responses on why exchanging their money to a (((bucket shop))) for a unit of nothing makes them way smarter than you.
Yall are even more retarded than the crypto cultists. Sure, most value is driven up by a bunch of greedy retards overhyping web3 and a replacement for the dollar. But it still has intrinsic value by being a digital store of value in shithole countries that communists can't easily steal. Just like gold's value is not tied to its intrinsic value in manufacturing. Just because you didn't fall for some hawk tuah shit coin doesn't make you smart for shitting on buttcoin. It's like saying hey guys Uber never made a profit, you guys are stupid for making 10x returns and investing in it.
The problem with crypto, which gold doesn't have, is that it depends on government to exist. If you lose internet, power, or simply can't access a computer, it's worth nothing at all.
At least with gold you can bludgeon a checkpost guard or something.
Its a hedge against the more likely scenario where a local government/BLM can arrest or confiscate your house rather than every country in the world losing internet. For americans, gold is probably better. For Venezuelans, buttcoin is better.
What drives the value is blind greed and cult beliefs.
The cultist will be triggered by this and will soon be here to inject their canned responses on why exchanging their money to a (((bucket shop))) for a unit of nothing makes them way smarter than you.
Yall are even more retarded than the crypto cultists. Sure, most value is driven up by a bunch of greedy retards overhyping web3 and a replacement for the dollar. But it still has intrinsic value by being a digital store of value in shithole countries that communists can't easily steal. Just like gold's value is not tied to its intrinsic value in manufacturing. Just because you didn't fall for some hawk tuah shit coin doesn't make you smart for shitting on buttcoin. It's like saying hey guys Uber never made a profit, you guys are stupid for making 10x returns and investing in it.
The problem with crypto, which gold doesn't have, is that it depends on government to exist. If you lose internet, power, or simply can't access a computer, it's worth nothing at all.
At least with gold you can bludgeon a checkpost guard or something.
Its a hedge against the more likely scenario where a local government/BLM can arrest or confiscate your house rather than every country in the world losing internet. For americans, gold is probably better. For Venezuelans, buttcoin is better.