Post
Topic
Board Altcoin Discussion
Re: What do you tell people?
by
Far_peter
on 14/06/2018, 13:47:40 UTC
People do not believe in crypto currency.  They say that crypto is not fixed.  As fiat - gold.  Where does the value of crypts come from?  What do you tell people?
There are several cryptos used on different platforms built on blockchain. If i was asked by someone, i'd say that the demand for a token can be proped up by demand for a product, if this product is backed by a blockchain.
This works the same with fiat, value of any currency depends on the amount of goods you can buy using it.