Quote:
Originally Posted by mineistaken
Yes, monopoly money is different because bitcoin has fixed number of coins. Anyway - it stil does not change the fact that it is simple play money which holds real money value just because there is a demand.
We can create gfycoin and it would be exactly the same thing. Of course it would hold less value because less people would demand it. Still actual value = 0 because play money holds no actual value.
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"Actual value" is not an accurate expression to use in discussing currency. Money is not something with intrinsic value. All money is valued based on some form of social consensus.