if fiat is fake money and crypto is fake money then nothing is fake money, its just money
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Paid bch spokesman we get it
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I agree, but without going back to bartering, how exactly do I use common sense to exchange my time for things I need? I’m staying long on crypto, short on banks.
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U completly miss the point. Value of money is determined by the no. and the strenght of the people trusting it.If some people trusted Tether, simply because Pierce Brock said so,that they have a magical usd-peg. Then their fault. Other cryptos dont pretent to have some magic peg.
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Clearly, some other cryptos (more than 90%) pretent to have other magical and disruptive party tricks, ok. But that means just that 90% will go bust, if this trick dont work. That does not mean all crypto is scam. Only, that one has to be very selective, careful and mindful.
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Tether = Fed. Both need an audit
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So what does common sense tell you if you already have BTC?
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That prices will inflate and your poor soul will think its going to skyrocket. You invest more money and a huge whale sells his coins at ATH and crashes the markrt. Charlie Lee knows a lot about such strategies
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Hm, Nouriel, where have I heard this name before, drawing a blank, a help.
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