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So a pyramid scheme. The coins need more and more suckers to sustain it and fails when that supply dries up.
by gigatexal 4y ago
So a pyramid scheme. The coins need more and more suckers to sustain it and fails when that supply dries up.
- notch656a 4y agoUSD has the same issue. The dollars continually get "used up" and need reprinted. Transferring electronic money burns energy and labor, and costs labor at the treasury and fed to mantain. If stablecoins are a pyramid scheme, the USD is too. Virtually every currency is negative-sum, destroying value every time they are spent.
- qeternity 4y ago> USD has the same issue. The dollars continually get "used up" and need reprinted. … > Virtually every currency is negative-sum, destroying value every time they are spent. What?! This is not even remotely close to accurate.