So this is basically vapor money?
“So this is basically vapor money?”
more accurately: just vapor!
crypto has zero attributes of actual currency, with the main three attributes of currency being completely absent: 1.) unit of account (e.g., prices of everything cited in U.S. dollars); 2. medium of exchange (everyone buys and sells all goods and services with it); and 3.) store of value (relatively stable value that allows relatively stable accumulation [savings])