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  1. Oct 2021
    1. dependency

      dependency --- @Eduardo. Great question re the value of these digital currencies. In hindsight, its value may be compared to how the Euro Dollar started - it was the first currency which was traded as an actual currency like the US dollar but was valued even higher on the World's Stock Exchanges than existing currencies at the time. Why? Most likely there was the need for an alternative to the US dollar as well as the need for a harmonized currency unit for the Euro-zone countries. Hence the Euro was being traded without it being an actual currency at the time. Similarly, netzines may believe that we have our own space (cyberspace) and hence we need a strong and harmonious currency (crypto-currency like Bitcoin or Ethereum, etc). As the population of netizens increase and consent to this currency, the value skyrockets!!!

      Source author: Bennette Thomas thomasb@dominica.gov.dm

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