Re:Cryptocurrency chaos as China cracks down on ICOs
by Retric on Wednesday September 13, 2017 @10:31AM
(#15238621)
Government's requirement to pay it's taxes in a currency of choice is what gives money it's long term value. There is no similar multi trillion dollar demand awaiting e-tulip's to maintain their value.
That's not to say they will fail quickly, just they need different supports.
Re:Cryptocurrency chaos as China cracks down on ICOs
by olalonde on Friday September 15, 2017 @03:03AM
(#15255215)
That argument has been abused too :) Maybe you are right but my hunch is USD would still be valuable if the US government would accept multiple currencies for taxes.
That's not to say they will fail quickly, just they need different supports.