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It would be, but crypto sits outside the real economy, and can only be traded by passing around stablecoins, which can be printed out of thin air. It won't reac
by rchaud 3y ago
It would be, but crypto sits outside the real economy, and can only be traded by passing around stablecoins, which can be printed out of thin air. It won't reach zero if there are always enough stablecoin-denominated purchases to prop it up.
- HPsquared 3y ago"Outside the real economy" reminds me of that Australian comedy sketch about the oil tanker ("the front fell off"), where the company representative said there would be no environmental impact because the ship was towed "outside the environment".