@hast0011@mstdn.social Your wording may have had me confused or misinterpriting it. When you said there is nothing in the real world that is equivelant I took that to mean the technology is new and nothing like it exists.

Perhaps what you mean is that because the money is not backed by something and therefore its value is not intrinsic?

In that sense cryptocurrency is no different than existing fiat, with the major difference being that cryptocurrency adds features that existing fiat doesnt have.