Bitcoin, and other cryptocurrencies, need havê their own economy.

[Faxanadu]

invetedlotus123 said:

Faxanadu said:
Thank god we have an own economy for gold, silver, platinum and bronze, with goods priced in those metals. Otherwise, those might just be crazy currencies.

I think it's an out of place comparison. Those metals havê economic value in their selves, actually, they are products often sold for industry and consumer uses. Dollar, euros, reais and any other modern currency are pretty useless in theirselves, they are useful for purchasing things, and they are used for that just because se know if se accept them other people are accepting it too.

 

Bitcoin not even that, no one accepts bitcoin in itself, we value bitcoin directly in the exchange rate for The real world currency se use. Rice costs X euros in france independetment of The exchange rate of euro and dollar. Every bitcoin value is directly attached to how much The item cost with real currency. Its more like bitcoin is a ticket than money.
I

But that applies to pretty much all financial products and their derivatives. I still dont see your point.