Commodity currency is backed by the world's assigned value to objects of high demand. Just gotta pray that demand isn't replaced by something or the supply is dramatically increased.

Fiat Currency is backed by the legal, economic, and to an extent, military strength of the country that issues it. As long as that country remains economically stable relative to the world, things usually work out ok. Unfortunately you're at the mercy of a government.

Crypto…right now the only thing that props up explosive growth and failure are people's faith in its own value. It's built entirely on speculation and subject to external influences like massive entities moving money. At this point using BTC for its intended purpose is like grocery shopping with $9000 penny stocks.

It's so frustrating that there is potential to revolutionize finance and internet privacy ,but instead it's abused as a speculative market.

Do y'all think this will ever even out? Is BTC doomed to be a playground for thrill seekers?

submitted by /u/jusmar
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Bitcoin Actually As A Decentralized Currency.
Bitcoin Actually As A Decentralized Currency.
Bitcoin Actually As A Decentralized Currency.
Bitcoin Actually As A Decentralized Currency.

Bitcoin Actually As A Decentralized Currency.

Bitcoin Actually As A Decentralized Currency.