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by aeon_ai
247 days ago
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I don’t think we’re disagreeing - a reserve currency is a form of capital that provides optionality, but it is not the singular defining unit of “capital”. People questioning data centers vs real estate are denominating and critiquing returns on investment measured in money. I am suggesting that they are not adequately considering risk-weighted returns denominated in other forms of capital. Do you disagree on this point? |
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