4 ms·
In your previous comment, you wrote: >If too many people become crypto-rich and try to spend it on real-world assets, the assets will just inflate in price. M
by unclebucknasty 4y ago
In your previous comment, you wrote:
>If too many people become crypto-rich and try to spend it on real-world assets, the assets will just inflate in price.
My point was that your logic is flawed. If crypto just moves wealth around vs creating it, as you also assert, then it won't materially change the number of wealthy people. Hence, it wouldn't be a mechanism for causing the inflation you predict.