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RE: What’s a fistfull of dollars worth? They may be near worthless, but here is how to give them, (or even Monopoly money), value

in #dollars8 years ago

Hi, @swissclive! Thank you for a really cool and easy to understand example. You just increased my understanding of how money works.

[...] you will soon have some natives willing to try and take advantage of your crazy pricing.

Brilliant.

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Not only money, but the stock market as well. Keep changing the price and people will want to play with it.

Right, and of course! On another note, I used your example yesterday to explain this to a friend, with great success. He just couldn't (and wouldn't) grasp how cryptocurrencies could have any value at all, without being scams. When I finally told him this story, it seemed like a lightbulb went off.