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Why wouldn't events like this reinforce the value of crypto as an alternative to traditional big bank big gov't currency? It's operated in a completely differen
by tejohnso 4y ago
Why wouldn't events like this reinforce the value of crypto as an alternative to traditional big bank big gov't currency? It's operated in a completely different way that isn't based on debt creation.
- dogma1138 4y agoBecause crypto doesn’t change anything, exchanges had liquidity issues and went under in the same way as SVB did… Crypto isn’t magic its just a glorified balance sheet. And today it’s even more complicated since you need to exchange crypto for actual money so there is another layer of liquidity risk.