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by Taek
3019 days ago
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Money today is worth more than money tomorrow. If you have idle capital and I have something valuable, I can cash in sooner and you can get a valuable resource. So there is a legitimate reason for me to sell you something that is guaranteed to go up in value assuming that I want money now more than you do. That's not an endorsement of any asset in the crypto space, and I would never remotely suggest that any token today is guaranteed to go up in value. |
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This is not true for deflationary currency...like Bitcoin.