It has always been people who give money value. If people decide something is worth trading for, whether it is gold, Bitcoin, wampum, or tulip bulbs, then that stuff has value. If people decide it does not, that value evaporates. Only human beings have immutable, inherent value, and our choices define which objects have derivative, changeable value.
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Exactly. Yet it seems that people have forgotten this and believe it is a central bank that grants value to money.
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