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No, absolutely not. Money has value because of the loans. It is not without value because of the loans. Because there are denominated loans in dollars people w
by impossiblefork 2y ago
No, absolutely not. Money has value because of the loans. It is not without value because of the loans.
Because there are denominated loans in dollars people who have those loans have to get dollars to avoid losing their houses etc., and therefore dollars have value.
Because there's very little in loans denominated in Bitcoin, bitcoin has no value.