4 ms·
This is the big question mark, and why I sigh when people shrug it off. How much of the demand for these tokens is being driven by money that never really exis
by headmelted 5y ago
This is the big question mark, and why I sigh when people shrug it off.
How much of the demand for these tokens is being driven by money that never really existed? 100%? 50%? 0.02%?
There’s no way of knowing until it crashes - then what? e.g. if the price dives by 50%, and that really equates to 200% of the actual capital ever invested, what happens then?
I was listening to Darknet Diaries episode 102 today about the Canadian money printer, and I was thinking the entire way through it that it was basically describing tether but with paper and ink.
It got especially eye-opening when he talked about having to manage how it was released into circulation slowly so as no-one could track where it was coming from.