How Capitalism keeps going, and what will augur its end.http://www.ianwelsh.net/the-control-and-continuation-of-capitalist-societies/ …
The next ratchet is collateralizing fiat loans with crypto. Borrow x against 0.y Bitcoin, pay it back to retrieve 0.y appreciated to x+z
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The swamp practically drains itself!
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A 2008 event in future would require the Fed to hard fork. The value of each branch is determined by investor/user confidence.
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most of the bailouts in 2008 should not have happened, but a world without leverage is terrible. The gold standard was /shit/.
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The reason Bitcoin isn't leveraged or loaned currently is the relative hyperinflation of fiat. Once/if that process succeeds, it'll happen
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leveraged BTC is only possible if you leverage into other currencies, unless I misunderstand something.
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You understand correctly but issuing another cryptocurrency is not intractable....
End of conversation
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