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by trashtester
1458 days ago
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Most of them watched some youtube video providing a conspiracy theory view on banking, "fiat" currencies and debt-as-money. They think they have deep insights when saying "banks create money out of thin air", or "there is not enough money in the economy to pay down all debt". They also use the word "fiat" as if it's bad that a currency is backed by a government. All the above are strong indication that there is something fundamental about the monetary system that someone fails to understand. A lot of crypto has been bought because the buyer were under such illusions. |
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