cross-posted from: https://lemmy.ml/post/46379297

Source: r/buttcoin

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[–] 6 points 4 months ago* (2 children)

It's also pretty telling that all the crypto stuff is always measured in dollars. That said using usd does overall make money for the US by seigniorage.

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  • [–] 2 points 4 months ago

    That's what I always tell people. A bitcoin or etherium or dogecoin or whatever they have is essentially valueless because it can't be exchanged easily for goods and services. 100% of it's value is derived from how much real, useable money you can exchange it for and nothing else.

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