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> and no upstart fintech company has this power Most of the cryptocurrency companies prove that this statement isn't entirely true though, unless I don't get i
by Cthulhu_ 2y ago
> and no upstart fintech company has this power
Most of the cryptocurrency companies prove that this statement isn't entirely true though, unless I don't get it. That is, they generate cryptocurrencies out of thin air (credit) and say it has a certain value, then people pay them fiat money for those. They just generated value out of thin air and some compute cycles.