Determining the Value of Cryptocurrency Without a Reserve Currency?

Misunderstanding currency, hyperinflation, and bitcoin are expensive.

Photo by Alesia Kozik from Pexels

Any item accepted as an exchange for value is a currency — even sex. However, to determine the price of goods and services, we rely on a reserve currency, and cryptocurrencies aren’t any different. Money to pay sex workers for their…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store