Darren in NC
Silver Member
- Joined
- Apr 1, 2004
- Messages
- 2,837
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- Detector(s) used
- Tesoro Sand Shark, Homebuilt pulse loop
- Primary Interest:
- Shipwrecks
By definition, crypto-currency needs no base. It's value comes from a limited issue created digitally, and distributed via a blockchain. No base is needed. It's ultimate value will be based on its utility - how widespread it will be used between businesses and individuals. Most crypto today will be worthless soon as most dot.coms were worthless after the initial internet boom. Bitcoin and a few others could mature and do well.
I am open and curious, though. How was it presented to you to be used as a base, as a base would limit the currency to the value of the base itself?
I am open and curious, though. How was it presented to you to be used as a base, as a base would limit the currency to the value of the base itself?