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What's the mystery? Bitcoin doesn't need actual dollars to prop up the price. Unaudited virtual dollar IOUs like USDT that can be issued out of thin air will be
by rchaud 3y ago
What's the mystery? Bitcoin doesn't need actual dollars to prop up the price. Unaudited virtual dollar IOUs like USDT that can be issued out of thin air will be sufficient.
- snapcaster 3y agoIt does until mining rewards go to zero right? unless there is a closed ecosystem whereby miners can pay their electricity bills and other expenses with crypto. Eventually actual money has to enter? Just sort of thinking out loud maybe missing something
- lamontcg 3y agoAt some point the crypto ecosystem hits the real economy and miners need to pay for power and datacenter space with real currency. A lot of the people employed in the crypto space are also out there buying houses, cars, taking vacations, and buying the odd pizza. That all requires real currency.