Bitcoin

How does a piece of code go from a gifted programmer's head to a value of over $1 trillion in a decade? By solving the thirty-year-old computing problem of double-spending. Tokens' value hinges on blockchains, distributed ledgers of transactions that everyone can see but no single party can alter. Blockchains act as a single source of truth for asset ownership and provenance. There are plenty of reasons for a given token's having value, but all tokens benefit from being provably scarce.—A. Tapscott, Web3
 
crush said:
My buddy say's it backed by the people and no middleman. I'm just curious and appreciate feedback. I have never seen so many ads by weirdos on Instagram, so it does give me pause.
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Tokens can be collateralized Or uncollateralized. The value of uncollateralized tokens freely floats against others based on the token's inherent underlying value. Money today is uncollateralized. Until fifty years ago, holders could redeem greenbacks for gold under certain conditions. Despite losing its peg, dollar bills are still very valuable: parties to the Bretton Woods Agreement of 1944 chose the US dollar as the global reserve currency. China has pushed to elevate its renminbi to global reserve status, but the dollar still represents 60 percent of central banks' holdings around the world.
 
The vote approved the merger of the three AI cryptos. If you use chat gbt or know someone who does they will probably be interested in this merger.
 
For the first time in history we have a technology that is able to store the energetic life force that money represents.--Michael Saylor
 
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