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Notional billions because unless new real money comes into the system, the BTC taken out are worth very little.
by rwmj 4y ago
Notional billions because unless new real money comes into the system, the BTC taken out are worth very little.
- JumpCrisscross 4y ago> unless new real money comes into the system, the BTC taken out are worth very little There is a lot of wealth and money being destroyed. These assets were pledged. People made spending and savings decisions with them in mind [1]. In a farcical way, crypto is doing a good deal to alleviating the pain of monetary tightening by concentrating it on its holders. [1] https://en.wikipedia.org/wiki/Wealth_effect https://en.wikipedia.org/wiki/Wealth_effect
- ProjectArcturis 4y agoHey, if all the exchanges die, BTC won't be able to go down any further!