Post
Topic
Board Announcements (Altcoins)
Re: [UNO] Unobtanium Info & Discussion - Update to 0.10 Wallet - Merge Mine w/BTC!
by
sirsmokesalot
on 31/05/2017, 13:50:08 UTC
I am out there. The proposition you set forth, four3200, is a tad bit beyond myself lol.

I would have to argue to some extent that faith is what gives money value. If i trust you as a human being or not has little bearing on what the dollar is worth. I need to trust that when it comes time to redeem my voucher that it is worth as much as you told me it would be. There needs to be a baseline acceptance of faith in the sense that if i am to accept whatever the token is as payment in exchange for my time. That when time comes for redemption of the token i feel it was worthwhile. If not the system *should* correct itself. No one would want the useless tokens after they come to find out they were deceived and they are not worth what they thought they were. Faith lends itself to the spread and acceptance of the token which could bolster it's value as it becomes more and more desirable.

Someone creates a token and claims they are worth $10 a piece. The faith comes from me trusting that when time comes i will get my $10 back.

Value was given to the token by the creator, faith is what leads to it's acceptance and spread.