Yes See the *tremendous* amount of capital that constantly recycles through oil futures, that has no intention of *ever* accepting delivery It's called a Menger goodhttps://twitter.com/RyanSAdams/status/1029380024674275328 …
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I am a big believer in Austrian Econ and Hard money and prefer BTC's hard cap, that being said, things don't always work as they should, USD has held up pretty well as an SoV without a hard cap, under constant inflation. Demand increasing over supply as other SoV's look worse.
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Not the right comparison. 1. USD is backed by guns. 2. All other fiats backed by guns have been managed worse, giving usd an edge 3. USD benefits from path dependency (historic US advantage of a free market system and hard money past). None apply to cryptos
End of conversation
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