To those people, it doesn’t matter who issued the currency; what matters is whether it has purchasing power or not. The currency is now evaluated purely on its monetary basis, because of adoption, because of use. There is one fundamental difference between those two currencies. One has a predictable, stable, algorithmic monetary supply. The other has an old white lady named Elizabeth on it. So, in fact, one of them has some real intrinsic value because it has removed some of the uncertainty of the monetary system from it. The other one doesn’t really.
