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/biz/ - Business & Finance

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26298490 No.26298490 [Reply] [Original]

How can you attribute value to a digital currency, if tecnically is possible to create infinite digital currencies having the exact same features?
Look at what Lee did with LTC, he said it took like 4 hours to code it.

>> No.26298557

>>26298490
How can you attribute value to a fiat currency, if tecnically is possible to create infinite fiat currencies having the exact same features?
Look at what the fed did with USD, Powell said it took like 1 day to print all these dollars and he'll fucking do it again as soon as necessary.

>> No.26298623

>>26298490
I can create a piece of paper which has exactly the same features as the ones the fed creates. Somehow this doesn't affect the value of their piece of paper.

It's not about features, it's about people agreeing that your piece of paper is worth something

>> No.26298661

>>26298490
go create btc then and become the richest person on earth, stop bothering me

>> No.26298846

>>26298623
True. Just like people agree on a btc's worth. Or on some shiny metal's worth. Value is always perceived. OP's argumentation is flawed as he has neither nuclear weapons to back a fiat currency neither does he have a first mover advantage and can anticipate acceptance for a digital token he creates.