this post was submitted on 31 May 2024
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some sovcits dont realize currency is only as valueable as the trust in the government behind it to not screw up its value.
its why when countries go through massive inflation, the layperson may reject local currency in favor of more stable currency.
the same law is the one that crypto is behind. an arbitrary coin is only as valuable as its rarity and the value in which deem it valuable.
the sovcits dont realize the coupons have no value to others, no matter how much they value it as. its like the tiny disclaimer on coupons where the actual value of the coupon or w/e is 1 cent.