3 ms·
There is also an interesting argument about crypto being a convenient drain for excess liquidity in the system (injected by the stimulus), which is why it's not
by medvezhenok 6y ago
There is also an interesting argument about crypto being a convenient drain for excess liquidity in the system (injected by the stimulus), which is why it's not being regulated too heavily.
If stocks & crypto were less appealing, perhaps we would all experience higher velocity of money & inflation since demand would turn to "real assets".
- vmception 6y ago> which is why Extrapolating any competence from policy makers on this is a bit too fantastic of a conclusion at this point in time. Cryptocurrency just does not have an adversarial relationship with the US government, and the musings of some policy makers that create existential threats just are not the opinion of an amorphous entity (which also doesn't exist). The longer the rest of us are familiar with the technology, the more likely the gradient shifts to a less and less probability of adversarial relationship with the US government.