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I'm...not sure I understand the contradiction here? You appear to be stating that cryptocurrencies could hypothetically exist and Do Things beyond fraud and sp
by danaris 4y ago
I'm...not sure I understand the contradiction here?
You appear to be stating that cryptocurrencies could hypothetically exist and Do Things beyond fraud and speculation without many mainstream people using or caring about them.
While this is (again, hypothetically) true, I don't think it refutes my claim that the only reason cryptocurrency crashes don't affect the general economy is because most people don't use them (and the few uses they do have are almost entirely negatives). Indeed; I think what it does is posit a world where most people don't use cryptocurrencies...and crashes could still affect the general economy, through the medium of the (hypothetical) non-scammy, non-speculative uses of cryptocurrencies. Because unless you're proposing a system where people just keep trading around the same tokens, which have absolutely no ability to pay rent, buy food, or otherwise improve their lives outside of these very niche "P2P social media" areas, you're not talking about a currency. You're talking about some kind of a "social media score".