Nandhana R SNov 24, 2021 · 3 years ago2 answers How does a fiduciary monetary system affect the value of cryptocurrencies?
In a fiduciary monetary system, where the value of money is not backed by a physical commodity, how does this impact the value of cryptocurrencies? How does the absence of a central authority or government control affect the stability and perception of cryptocurrencies in such a system? What are the potential advantages and disadvantages of cryptocurrencies in a fiduciary monetary system?