Re:Algorithmic stablecoins are provably impossible without c...
by NikolaNovak on Monday May 30, 2022 @08:29AM
(#31558281)
>>My house is valuable to me even if there isn't a collective belief in it.
Right. I believe the point of the post you replied to is that while it may be "valuable to you", it also may or may not "have value" (which I interpret as being exchangeable / interesting to other parties), which requires common belief/faith that it has value (basically a circular definition). I could be misinterpreting one or both :)
Right. I believe the point of the post you replied to is that while it may be "valuable to you", it also may or may not "have value" (which I interpret as being exchangeable / interesting to other parties), which requires common belief/faith that it has value (basically a circular definition). I could be misinterpreting one or both :)