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All economic activity that depends on others is speculation, at the end of the day. Every currency is a ponzi scheme of sorts.
by cryptonector 6y ago
All economic activity that depends on others is speculation, at the end of the day. Every currency is a ponzi scheme of sorts.
- paulryanrogers 6y agoThis seems reductive. Government issued fiat is backed by militaries and the country's own resources--however indirectly. They can be used to pay taxes if nothing else. Crypto currency is backed only by collective euphoria. Not unlike 17th century tulips.