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this post was submitted on 20 May 2024
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Their local currency. You know, that thing we were talking about? If you've forgotten you could've just scrolled up for a quick refresher.
Yes, but how do they interact with their local currency? Do they hold it in their hands? No, they don't. It's all numbers on a screen.
You're not understanding. Real money isn't only numbers on a screen. It can be physical or not, it doesn't really matter. What matters is that it's universally backed and usable.
Crypto isn't. It's just numbers on a screen without the backing of government, business, or most people.