@colbertlateshow: Secretary of Treasury Janet Yellen says she has “been pretty skeptical since the outset about what the value of crypto is.”#Colbert #Crypto #Bitcoin

colbertlateshow
colbertlateshow
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Thursday 01 December 2022 05:00:01 GMT
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oregon_grown421
Oregon Grown 421 :
Makes perfect sense... Value is only, and always has been, what people are willing to pay for it. Even if it is imaginary coins.
2022-12-01 05:20:27
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vhall13832
user3523145604062 :
Smart ones please help me. Isn’t gold’s worth also based on what people decide it is?
2022-12-01 14:39:23
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inkstainedquill
Joel :
Despite this coherent explanation people will still claim crypto is a solid investment.
2022-12-01 05:18:28
100
aworldreimagined
Matt :
The key difference is that dollars are tied to assets crypto isn’t. Literally everything has an essentially arbitrary value. Milk, houses, diamonds….
2022-12-01 11:29:23
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publiusfawkes
PubliusFawkes :
Value of any currency is related to the degree of certainty that it will be useful in the future. US dollar is backed by the US military and 20T+ GDP
2022-12-02 00:52:34
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blackbird110929
BlackBird09 :
Maximum employment?????? Isn’t the FED currently trying to negatively affect employment.
2022-12-01 12:49:40
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