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The whole financial sector in the U.S. is a bubble that will burst at some point. Have already lived through one of those just 14 years ago. And now we're getti
by chrisco255 5y ago
The whole financial sector in the U.S. is a bubble that will burst at some point. Have already lived through one of those just 14 years ago. And now we're getting elevated inflation, multiple international currencies experiencing hyperinflation, etc.
Crypto is at least transparent and fully auditable. Loans stay solvent as they are over collateralized and automatically liquidated when they become close to under collateralization. As a result, the crypto space has and will go through many mini bubbles that resolve themselves very quickly.
Crypto and blockchain are fundamentally transformative technologies. The U.S. government will make moves to co-opt it, via stable coin regulation, but they won't be able to fully control the space. It is truly international in scope, and runs on math and cryptography. They can scarcely ban seed phrases, or blockchain in general, as it is fundamentally a form of speech.