110 sats \ 3 replies \ @Enemy_of_the_state 24 Mar \ parent \ on: What's to stop competing coins bitcoin_beginners
Mass adoption of something does not make it valuable. The US dollar has mass adoption already, yet has lost 98% of its value even while going from the currency of a single country, to the worlds currency, in that time period.
A government shitcoin will have the exact same fate.
I agree.
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Mass adoption of something does not make it valuable. The US dollar has mass adoption already, yet has lost 98% of its value even while going from the currency of a single country, to the worlds currency, in that time period.
I disagree. Adoption does make money valuable. The dollar has lost only 98% of its value - and this is one of the reasons why it is the dollar that was adopted during that period and not scamcoins like peso, bolivar, naira, lira, etc. Those other shitcoins have devalued more than the dollar.
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I think the adoption gives it utility among the people which makes it most valuable.
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