Re <<crypto ... Ponzi>>
... do not be ruuuuuude :0)
(1) from memory recall, I intone that "crypto can be compared to national currencies, and blockchains are national eco-systems",
(2) alternatively, "nation-states are Ponzi constructs"
(3) Re <<Ponzi inevitably fails... the result would be... not a recognition of losses... but the perpetual production of endless wealth... ?>>
You are right!
We wait for it :0)
(4) I do remind self of one very-likely-truth, that crypto siphoned off energy from ... [drum roll] ... Gold, and as folks threw their fiat money into the globalised crypto pot, and bought all manner of cryptos, be they currencies, smart contract tokens, deFi coins, bridges, ... etc etc, and as they swapped between crypto 'assets' as all appreciated, they did so not by reverting back to fiat but via stable tokens
the cryptoVerse is now way way larger then all the fiat that went into sandbox
so, yes, should all wish to exit, just as in the case of Luna / UST, they exit at close to effectively zero.
Very exciting.
Think Argentina, Venezuela, ... Zimbabwe, ...
There is only one 'OUT' at the sorry end, and that is physical gold, logically, and unless we collect as we go, Gold might be Unobtainium when we need it most. |
