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j, Slightly deviating away from the actual question here (I am looking at blockchain and cyptocurreny too, just like Kareem), in real life the amount of money is proportional to the amount of Gold a country has. How does bitcoin and other currencies have any actual value? Also, honestly, I would trust a bank than trusting a decentralized entity, just because they've been around for so long. Anyone can create a digital currency, it's pretty much like printing fake notes. I am novice too, so I may be wrong, but just curious about what all the craze is about.

Siddarthan Sarumathi Pandian hmm

To my knowledge, which if obviously superficial, the value is just what are people willing to pay for something.

so it's not really "worth something" on the other hand nothing is really "worth something". We just made that up and most of us agree upon it.

basically it's not about printing fake notes it's about how many people do I need to convince to take my fake notes till other people automatically take my fake notes because they are so common that they are now not fake anymore :D

that's a trivial explanation for money ofc we have built extreme complex systems around it :D but in the end the question about money/currency is "does the person I want to trade with accept mine". The rest are just terms of the contract between the trading-parties.