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RE: If value is just perception, then there must be some value in a piece of paper

in #banks7 years ago

Value is basically an agreement. If enough people agree that something is valuable to make it useful, it becomes valuable.

These days we have more choice over making those agreements. Soon, when we pay for everything with our crypto-wallet that works like Apple & Android Pay, you can have whichever currencies you like in your wallet according to what you consider valuable, and the person you are paying agrees.