Most Americans have heard about cryptocurrencies, but far fewer have ever invested in...

Biostud

Posts: 69   +31
Neither is the USD.... all currencies are backed by “belief”...
Yes and no. Crypto currencies are are pure anarchy. No rules or regulations.
Normal currency while not backed by physical value, is at least to some degree backed by rules and regulations, where our democratic institutions by law and through the national treasury can influence what is most important for our economy.
 

Squid Surprise

Posts: 4,536   +3,904
Yes and no. Crypto currencies are are pure anarchy. No rules or regulations.
Normal currency while not backed by physical value, is at least to some degree backed by rules and regulations, where our democratic institutions by law and through the national treasury can influence what is most important for our economy.
No... cryptocurrencies have rules - in fact, they are far better enforced than any rules governing "cash"... their very nature forbids making counterfeit currency as well...
 

Biostud

Posts: 69   +31
No... cryptocurrencies have rules - in fact, they are far better enforced than any rules governing "cash"... their very nature forbids making counterfeit currency as well...
Yes because we know that nobody has ever been scammed into buying fake crypto currency....