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Not so independent --- and the proof is 'stable coins'. The simple fact that tying crypto to fiat is the only way to achieve stability undermines the basic arg
by jqpabc123 2y ago
Not so independent --- and the proof is 'stable coins'.
The simple fact that tying crypto to fiat is the only way to achieve stability undermines the basic argument for crypto's utility and voids much of the rationale for it's existence.
What you're left with is really just another con and the world's most famous con artist is fully on board.
- andirk 2y ago> the world's most famous con artist is fully on board. Correlation does not imply causation. That con artist is also big on semiconductors. His being on board BTC means it has the ability to enrich the ultra rich more which also does not imply that BTC is necessarily bad. But it does mean the sharks are coming for it, and they don't have the average person's best interest in mind and often the exact opposite. > tying crypto to fiat Biggest reason I have lost a lot of interest in bitcoin but I'm still very long on it.