Re:Algorithmic stablecoins are provably impossible without c...
by morpheos137 on Monday May 30, 2022 @09:52AM
(#31558957)
Belief is not well defined. The dollar has value because it is useful. Bitcoin may also have value to the extent that it is useful (e.g. for speculating, money laundering, grey/black market transactions). Thus usefulness or utility of a currency is a better measure of value than belief whatever that means.
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