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> Crypto in general, but stablecoins more so, just feels like another asset If it draws any interest away from residential real estate market its utility for r
by scotty79 1y ago
> Crypto in general, but stablecoins more so, just feels like another asset
If it draws any interest away from residential real estate market its utility for reducing problems caused by wealth inequality is immense.
Any tool that draws the capital of the rich away from the brick and mortar economy where the poor have to compete with them to survive is worth tons for society.
- FabHK 1y agoI fear the opposite is the case - many rich whales pump up prices in the real world, having sold their crypto to the masses coming in late.
- scotty79 1y agoFor every whale that cashes out there are some that hodl. Otherwise price wouldn't get this high. Price getting higher and higher means that bitcoin is sucking out dollars from other places. Masses have very little influence over the bitcoin price over recent years. This cycle they seem to have none.