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If I pay someone to build me a house, I have a house and they have fiat. We converted energy into a house and fiat.

If I convert the same amount of energy into crypto, I have nothing with intrinsic value.

And before you say that fiat has no intrinsic value, consider that most people have fiat debt (loans, taxes, wages, etc.) that they can pay off with it. Currently very few people have any crypto debt.



crypto/fiat is not an apples to apples comparison. it's an apples to oranges. cryptos are a new class of asset

If you convert energy into crypto, you have crypto, may not have intrinsic value for you. right now it's worth 42k usd for somebody

which of those have/don't have intrinsic value: - gold, silver and other precious metals - stocks - options - house - car - fiat - cryptos


Gold, silver, all precious metals, stock, houses, and cars all have intrinsic value. You can use them.

In the case of stock, you have a legal stake in an ongoing enterprise.




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