The "value" of real world money comes from the physical production behind it: someone, somewhere, is working against thermodynamic equilibrium, which is why when you and I have money, it's useful. Even things that seem like they're not rooted in this principle actually are.. they're just a layer or several layers of abstraction above the physical process.
Cryptocurrency, by contrast, works with thermodynamic equilibrium -- you take a bunch of energy that could do useful work, and then waste it as heat; and declare that the "value" produced actually arose from the waste itself!
This difference between cryptocurrency and regular currency is not rooted in ideology, technology, or any of other woo. It is rooted in the law of nature.
The "value" of real world money comes from the physical production behind it: someone, somewhere, is working against thermodynamic equilibrium, which is why when you and I have money, it's useful. Even things that seem like they're not rooted in this principle actually are.. they're just a layer or several layers of abstraction above the physical process.
Cryptocurrency, by contrast, works with thermodynamic equilibrium -- you take a bunch of energy that could do useful work, and then waste it as heat; and declare that the "value" produced actually arose from the waste itself!
This difference between cryptocurrency and regular currency is not rooted in ideology, technology, or any of other woo. It is rooted in the law of nature.