Have a gander at these quotes from a recent post:
A currency will have value if it is accepted and used by a large community of individuals, businesses, financial institutions, governments and others.
That was said in response to those who say cryptocurrencies “have no intrinsic value and should go to zero.”
For the first time in modern history, individuals can truly own and fully control their own wealth without relying on — or being beholden to — any central authority.
Remember, that's from an independent and impartial ratings agency - they have no reason to make things up or sugar coat; in fact, it's the opposite: they have their reputation on the line!
And to further bolster their argument that far from being a flash-in-the-pan, crypto is much more than currency:
Why Cryptocurrencies are MUCH MORE Than “Currency”
Most people have gotten into the habit of using the word “currency” for all cryptos. But what the critics seem oblivious to is the fact that crypto is really much more than that.
In fact, for most second- and third-generation cryptocurrency technologies, the term “currency” doesn’t really apply anymore. They are really crypto-platforms that are creating virtual economies and, potentially, even virtual nations.
Have I whet your appetite? These were all taken from their fantastic blog post Why These Crypto Critics Are Dead Wrong and it's only the beginning. Get over there to read the entire article!
And that's just one of the great articles they are publishing free of charge on their Weiss Cryptocurrency Ratings website.
It’s become a daily read for me.
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