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A Response to Bloomberg’s Crypto Editorial

1 year ago
in Bitcoin
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I imply, to begin with, politicians aren’t funding advisors and their phrases shouldn’t be handled as funding recommendation. However what does this “actual economic system” imply? Is a authorities bond a part of the true economic system, if that cash goes to repay debt from authorities spending throughout, say, COVID? Is that actual? Is investing in Coca-Cola or Raytheon, investing in the true economic system? Or are we actually simply investing in sugary drinks and missiles that do much more hurt to children than Ethereum does? Did mortgage-backed securities, pumped by a cocktail of express and implicit authorities ensures and regulatory subsidies, “help the true economic system” within the early 2000s? Isn’t an actual “actual economic system” one which helps people and households to dwell the lives they need, and doesn’t crypto try this fairly ably?



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