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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (136213)	10/22/2017 11:36:25 PM
From: carranza2	Read Replies (3) \| Respond to of 217648

I don’t claim to understand cryptos, but I do understand relative value. How is one crypto going to be deemed worth more than another? And how is a crypto’s value translated into dollars and cents? What market mechanism is at work to do this? When hundreds or thousands of them exist, their value will plummet. How can one crypto be deemed ‘better’ than another? And they are not legal tender, though of course they can be bought and sold using legal tender. What will happen when governments declare them illegal? I figure a black market will arise, as always happens when anything useful or wanted is declared illegal. The governments will find a way to tax them, or tax the transaction that uses them. They’re a possibly great source of revenue, modern day seigniorage.