Cryptos are all *effectively* pegged to the dollar. All anyone cares about is how much a coin is worth in $s. Cause you need dollars to buy cars, houses, businesses, equity shares... So I don't find it that interesting in this context of conceptual understanding of UofAs. ??
Yes I suppose you are correct; Bitcoin is performing more like a financial asset until it stabilizes to a broadly accepted value, and widespread use as a currency is adopted by a significant number of the population.
Though it's original thesis might provide insight into what provides "value", which had no peg to any external currency, but rather a broad enough acceptance as a use case by enough people.
Perhaps it would be interesting to compare to how crypto currency came to be. Particularly the original Bitcoin.
Cryptos are all *effectively* pegged to the dollar. All anyone cares about is how much a coin is worth in $s. Cause you need dollars to buy cars, houses, businesses, equity shares... So I don't find it that interesting in this context of conceptual understanding of UofAs. ??
Yes I suppose you are correct; Bitcoin is performing more like a financial asset until it stabilizes to a broadly accepted value, and widespread use as a currency is adopted by a significant number of the population.
Though it's original thesis might provide insight into what provides "value", which had no peg to any external currency, but rather a broad enough acceptance as a use case by enough people.