Re:Fe – An emerging smart contract language for the Ethereum...
by dmitriid on Sunday December 05, 2021 @02:01PM
(#29451878)
> Is USD real? If so, why?
Because it has an army, a government, and an economy behind it that can enforce a great many things (both good and bad) on people using it. And extracting oil is not the single (and I'd say not even the single biggest) source that makes USD a reality. Besides, USD is not the only currency.
On the other hand, if you buy a physical item with your magical coin and it doesn't arrive, or someone is in a breach of your magical contract, or <a thousand other use cases>, good luck.
Because it has an army, a government, and an economy behind it that can enforce a great many things (both good and bad) on people using it. And extracting oil is not the single (and I'd say not even the single biggest) source that makes USD a reality. Besides, USD is not the only currency.
On the other hand, if you buy a physical item with your magical coin and it doesn't arrive, or someone is in a breach of your magical contract, or <a thousand other use cases>, good luck.