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The crazy part about crypto is somehow it looked for all the weird economic inefficiencies that don’t really make sense (Gold is valuable beyond its utility, bu
by RC_ITR 5y ago
The crazy part about crypto is somehow it looked for all the weird economic inefficiencies that don’t really make sense (Gold is valuable beyond its utility, buying art is buying the object not the image, etc) and turned those into the feature of the project.
- astrange 5y agoSeems like it's half misconceptions (like Austrian hard money economics) and half regulatory arbitrage. There's no reason crypto things shouldn't be as regulated as traditional banking and securities, they just aren't because they don't stop to ask the SEC what to do first. I wonder why BTC isn't taxed at the collectible rate (higher than ordinary income) like actual gold investment though.