this post was submitted on 20 Aug 2024
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Generative AI hype is ending – and now the technology might actually become useful (theconversation.com)
submitted 4 months ago by [email protected] to c/[email protected]
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[–] [email protected] 2 points 4 months ago

I mean that crypto currencies are essentially the same as stocks. They have no worth on their own, and their value is tied to converting them to other currencies.

And this conversion rate fluctuates constantly. What one bitcoin is worth today is not what it will be worth tomorrow. In order to buy something with a crypto currency, companies have to first check how much it's worth in fiat currency.