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by imtringued
1482 days ago
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To be fair, it's the same with fiat. For every dollar there is also a dollar of debt. If all debts were paid off, you would end up with nothing, except everything we created in the real world. Now, the question shouldn't be how much value is in the accounting system, because it obviously stores nothing, it only delegates the management of the store of value in the real world. The question should be, does Bitcoin help the real world economy? I honestly don't know but I am leaning towards no. The lightning story could in theory result in a "happy end" but I haven't seen any real successes or at least I am not being made aware of them. After all, El Salvador isn't the success story that everyone hoped for. |
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That's a fine question too and I would argue that it doesn't help the real world economy. It just consumes energy for 0 utility except to facilitate ponzi schemes and money laundering