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> and still have the view that there's any of the original value proposition left. While not usable as currency, cryptocurrency is still an asset crucial for h
by danuker 4y ago
> and still have the view that there's any of the original value proposition left.
While not usable as currency, cryptocurrency is still an asset crucial for holding government accountable for its spending. Government can dilute fiat currency, but not Bitcoin for instance.
- SilverBirch 4y agoI think what we've seen in the last 2 years is that stimulus money flooded into the market, it inflated asset prices massively, and now with rates going up those bubbles are bursting, and crypto has absolutely been one of the bubbles. That doesn't hold the government to account, it let's crypto holders be the ones whose wealth disappears in the crash.