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RE: Sapphire and ASUS to sell GPU cards made specially for cryptocurrency mining!
I'm still not sure what the true VALUE is for crypto. I get that it's supply and demand but there has to be some value at the end of the day.
i think crypto has more intrinsic value than a Federal Reserve Note
yeah, me too. It's open market supply and demand not something printed out of thin air by a keystroke.
the value depends on the coin itself, what utility it has in the marketplace, and the cost of electricity and minting equipment to mine it. All of these factors are then reflected in its open market demand, partially measured by the volume of its daily trading, as well as any new applications that the marketplace may use it for.
What is the VALUE of your countries' fiat? In the US the counterfeit Greenback known as the US Dollar or the Federal Reserve Note is made of paper and cloth. It's not backed by gold. The government is in massive debt (owed, in labor, by the taxpayers that already paid for it several times). The international banksters that print/inflate the counterfeit Greenback at will have loyalties to no one country. In fact, the whole reason they put themseleves in the position of money lender to the governments of the world is to siphon off their citizens' wealth through usury. However, since 9/10 slaves agree that this fraud is worth something, it magically is. If they wake up and the illusion evaporates, so does the VALUE.
The VALUE for a crypto currency, like anything else is "what it can do for you" or "what you believe it can do for you". That can be as a currency only, as a store of value, as a hedge against bankster "money", as a short/long term investment, and all the features some of these coins purportedly provide, like decentralized cloud storage, smart contracts, etc. The list is long.
Also, if you fail to do research (or you convince yourself you don't care for perceived short term gain) and financially support coins/platforms that don't respect your freedom, privacy or security, the VALUE (to someone) will continue to be how well it manages to enslave you and your offspring.