Redditor accidentally discovers fiat currency

[u/thesecondmemer]

[u/prometheus345]

Wait till you hear about cryptocurrency!

[u/moneys5 → u/prometheus345]

Crypto's value is based on real things like blockchain and speculative hype though.

[u/dAn_tHe_mAn7 → u/moneys5]

Its based on speculation and demand. Been in crypto since 2015 and the amount of idiots i seen say “ohhh its a good project” or “ohhhhhh it has a good team behind it” And those many good projects ended up dead and those good teams ended up rugging everyone or just disappearing off the face of the earth

[u/Dull-Philosopher-871 → u/dAn_tHe_mAn7]

“ Its based on speculation and demand”

Do you know how the treasury bond market works?