> crypto base its value on fiat now you're a retard who doesnt really understand crypto, and by crypto i mean actual crypto like bitcoin, not the bazillion shitty and super low priced pseudo crypto that are literally just shares of a communal/corporate private fund. true crypto values depend on their own inherent value and availability, which due to it being the result of the algorithm that regulate the total quantity available at any given moment, and due to the credibility and legitimacy they have their pricing just keep growing. so the thing is you got it backward. it isnt that crypto get its value from fiat, is that fiat is so plentiful and almost worthless that an actual virtualized unit of value is considered a better and more legitimate way to keep track of liquidity, simply due to the transparency behind its valuation, which is kind of understandable given the rampant malpractice present within the banking industry that print out fiat by the tons on a whim. basically put, the current situation is so fubar in banking that the value of a physical dollar is magnitudes less than the valuation of a virtualized commodity, simply because the banks can't dictate its availability. let that sink in. this is why even while demonizing bitcoins, banks invest a fuckton of money to get crypto, because no matter what they claim the reality is that crypto are more stable and worthwhile to have than actual money, and given that the bank reputation depend on the stability of their financial assets, they lap that shit up like starving vultures.
Canada