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Technology & Information / Re: [FEND] Flat Earth Network Decentralised P2P Blockchain
« on: January 23, 2018, 07:03:53 PM »Value is merely perception, (as with most things) but it will mostly be created by the total currency supply and will be backed by the energy it takes to produce a FEND currency unit, as well as the security & strength of the network of users.
Now, I may not know how digital currency works but I strongly suspect that converting it would require the currency in question to have some value or can be backed by some value. Ex: The Norwegian kroner is used in Norway to purchase goods and services. Outside of Norway, it's useless but can be converted to Euros or Dollars because the Norwegian government guarantees the value and that someone will want Norwegian Kroner.
The question then is: who would want FEND? How would we ensure it's value? What value would it have to others?
Also the currency's usability, and of course exchange market traders will have a speculative effect on price/value just as any other market currency or commodity.