That kind of reasoning only makes sense if any of the exchanges are driven by actual exchanges of goods or services rather than just speculation. It's unconnect

That kind of reasoning only makes sense if any of the exchanges are driven by actual exchanges of goods or services rather than just speculation. It's unconnected to physical commodities just like fiat currency, controlled by an unaccountable small group of miners and whales, and becomes completely centralized the moment you go through an exchange. How stupid.