How Crypto Disappeared into Thin Air
I am having a difficult time following the author’s explanation in this article.  I believe it’s flawed, but I’m hoping an economist jumps in and comments on this one.<p>&gt; When a currency’s value is based on belief alone, it’s liable to evaporate.<p>It is my understanding that all currencies (fiat money) are not like hard assets.  So belief, or trust, is necessary in establishing the value of any currency, not just crypto.