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This is always what I think of when I think of cryptocurrencies. You're not parking your money somewhere, you're giving it to someone else. Every time you buy
by thehappypm 6y ago
This is always what I think of when I think of cryptocurrencies.
You're not parking your money somewhere, you're giving it to someone else. Every time you buy BTC someone else is getting paid. Money goes in circles.
- mywittyname 6y agoTwo economists are sitting at a bar, one pulls out a checkbook and writes a check for $100,000,000 then hands it to the other economist. The second economist looks at the check, smiles, then hands it back. The first economist calls the bartender over and orders a bottle of champagne. The bartender asks what the celebration is about, and the economist responds, "we just grew GDP by $200 million dollars."
- skybrian 6y agoSure, fraudulent transactions exist. The difficulty is figuring out how much it matters.