The Different Crypto Currencies use different puzzles and technology, they’re based on similar principles but they’re their own systems with their own rules.
For example, Doge Coin doesn’t reward the same way the Bitcoin does. Bitcoin behaves more like a digital asset that can be fractioned off into many pieces, while Dogecoin inflates at a set rate.
They don’t have the same profile.
Bitcoin has been around a long time and has built up a large market cap. Most volume trades of Bitcoin are fractions of Bitcoin now.
No disagreement, except there, is no underlying value with bitcoin.
“Smith’s theory of value was very similar to the later utility theories in that Smith proclaimed that a commodity was worth whatever labor it would command in others (value in trade) or whatever labor it would “save” the self (value in use), or both. However, this “value” is subject to supply and demand at a particular time”
No diamond mine with dwarfs laboring to pick out the diamonds? The labor theory of value!
What is the intrinsic value of a crypto coin?
Some computer humming day and night creating heat?