This is what I meant when speaking about artist du... @QuipTalk

Asked 1046 days ago
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This is what I meant when speaking about artist dumps Definition of Tezos as decentralized currency was in whitepaper - this is that bigger picture

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Answer: Tezos is a decentralized currency, meaning that its value is not controlled by a centralized entity. Instead, the price of Tezos is determined by the market, which means that its value can fluctuate. This is in contrast to a centralized currency, where the price is kept stable by a centralized entity. The difference between these two types of currencies is that with a centralized currency, the price has a floor, meaning that it cannot fall below a certain level. With a decentralized currency, however, the floor is actually zero, meaning that the price can theoretically drop to zero. This makes investing in a decentralized currency like Tezos more risky, as there is no guarantee of a minimum price.
answered 1046 days ago
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BTC was a „P2P digital cash“ too. Now it’s only narrative is „store of value“ (digital gold). Narratives can change.
answered 1046 days ago
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Difference with a Centralised currency is that the price is made stable by centralized entity. In a decentralised currency, floor is actually 0 for real
answered 1046 days ago

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