Unsurprisingly, he and his family were doxed by angry traders.

  • ___qwertz___@feddit.org
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    17 days ago

    Money is backed by a state with the (legitimate) monopoly on the use of force. Is has a worth because you must pay your taxes in it or else.

    As such, money coined by a state has an inherit value as long as the state is stable.

    • bob_lemon@feddit.org
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      16 days ago

      And said state has both an interest in the stability of the currency as well as tools to influence it that are not available to everyone.