Where does the value of Crypto come from? Why do people buy?
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It comes from the same place as every other currency and product on earth: supply and demand.
Money is a shorthand way of barter. If you want to buy an egg, but only have a cow to sell, you don’t have to accept ten thousand eggs if you have a medium of exchange. Any medium that allows you to bypass this barter problem is worth something. Traditionally, people have relied on central governments to provide the solution. With the advent of computers and the Internet, it is possible to bypass government and rely on math instead of politicians for the creation of value.
There are advantages and disadvantages to this. The advantage is math is more reliable and predictable than politicians. The disadvantage is you have to rely on yourself to a greater degree, which has led people to make costly mistakes.
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