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A comment on Why I’m Cryptophobic. Parent comment
Facebook isn't valuable because anyone on Earth could use it. It is valuable because people do use it and its value has the network effects.
Coins trading at 0 USD have no users, thus their value is 0.
Money must have inherent value (at least the capability of being traded) for it to be money.
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Facebook isn't valuable because anyone on Earth could use it. It is valuable because people do use it and its value has the network effects.
Coins trading at 0 USD have no users, thus their value is 0.
Money must have inherent value (at least the capability of being traded) for it to be money.