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by ktta 3148 days ago
> In economics jargon, financial services are explicitly defined as not the real economy as an outcome of how "real value" is defined

What century was that? I think financial services fit very well into the proper functioning of the real world. I believe it does provide very 'real' value and I'm ready to disagree with the definition of 'real value'.

>while Bitcoin mining would be defined as real economy since it bottlenecks on an energy input.

Bitcoin mining isn't competing with the wealth transaction part, but the wealth creation part. The wealth transaction part was secured a long time ago and now there are efforts to make it more efficient without dealing with the race for creation - like Lightning Network.