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Cryptocurrency and Why I Worry That It Could Hurt the Economy
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<blockquote data-quote="Mikee" data-source="post: 426484" data-attributes="member: 76567"><p>You're definitely right, most of this was jut me spewing theory nonsense. But I have heard from too many of my friends who are holding crypto that they think its great because big banks are "corrupt" and it'll stop that corruption. The assumption they have is, crypto grows -> no need for banks. Which of course is nonsense, because America is financed by debt obligations.</p><p></p><p>I just simply felt like showing that IF that were the case, it would hurt the economy. That big if like you say, is of course not an objective, and was me just explaining why banks are good for one perspective of the many.</p></blockquote><p></p>
[QUOTE="Mikee, post: 426484, member: 76567"] You're definitely right, most of this was jut me spewing theory nonsense. But I have heard from too many of my friends who are holding crypto that they think its great because big banks are "corrupt" and it'll stop that corruption. The assumption they have is, crypto grows -> no need for banks. Which of course is nonsense, because America is financed by debt obligations. I just simply felt like showing that IF that were the case, it would hurt the economy. That big if like you say, is of course not an objective, and was me just explaining why banks are good for one perspective of the many. [/QUOTE]
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