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Government printing press can be abused and often is. But it can be used responsibly (for economy long term). On the other hand crypto apologists propose us cu
by Yizahi 6y ago
Government printing press can be abused and often is. But it can be used responsibly (for economy long term).
On the other hand crypto apologists propose us currencies which are uncontrollably printed by some anonymous guys in the non extradition offshore. Just last year 75% of all Tethers were printed out of thin air, since USDT trading amount is 14 times bigger than USD (not even counting tricks like Bitfinex listing USD while actually trading tethers behind the scenes) we can assume that whole crypto community is propped up by a lot of hot air and cut paper.
tl;dr
- Look, USD currency management looks bad (or suboptimal).
- Let's replace it with even worse scheme! HODL!