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How can you consider a crypto (or other commodity) to be "artificially" inflated? It's not backed by anything; it's worth precisely what people are willing to p
by parliament32 6y ago
How can you consider a crypto (or other commodity) to be "artificially" inflated? It's not backed by anything; it's worth precisely what people are willing to pay for it, with no strings attached.
- jpsalm 6y agoWell, if people are paying for it with Tether and it turns out Tether is backed by loans or other cryptocurrencies then it would be by definition artificially inflated.