It\u2019s not that simpleThe first thing to note is that just because some asset is in a bubble, that doesn\u2019t mean that the asset has no real utility. Just because speculation can get out of control on an asset, doesn\u2019t mean that said asset has no utility.So I think cryptocurrency does have real-world use. Particularly as a store of value and a medium of exchange. Cryptocurrency is also backed by blockchain technology which has real-world use, which means it\u2019s categorically false whenever someone says, \u201cBitcoin and cryptos, in general, aren\u2019t backed by anything!!!!!!!!\u201d. Wrong. Try again.Cryptocurrencies are specifically useful for individual citizens in emerging markets. That\u2019s because of unstable governments and undisciplined financial institutions\/central banks. This isn\u2019t some libertarian fantasy either, nor is it science fiction: it\u2019s actually happening in the real world. You actually have people in these countries who are using cryptocurrencies.Certain cryptocurrencies are hedges against inflation, because you don\u2019t have to worry about the potential of high inflation or hyperinflation because of limited supply. Some might object by saying there\u2019s a potentially infinite number of different cryptocurrencies that can be introduced into the market. While that may be true, that wouldn\u2019t mean that there wouldn\u2019t be better or worse cryptos. They can still compete on transaction time and so forth. Thus, the objection seems to assume that all cryptocurrencies are identical (or very close to being identical) to each other, which is straightforwardly false.Photo by Marc Sendra Martorell on Unsplash<\/p>","protected":false},"excerpt":{"rendered":"
It\u2019s not that simpleThe first thing to note is that just because some asset is in a bubble, that doesn\u2019t mean that the asset has no [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/4523"}],"collection":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/comments?post=4523"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/4523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/media?parent=4523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/categories?post=4523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/tags?post=4523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}