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Eric Patterson's avatar

Nick-Great essay on crypto, in a simple and easy to relate story. The value of any currency in all of history, relies on the hard, touchable assets that support that currency (in most cases, gold) and TRUST. Without one, you cannot have the other. The good thing about crypto is that it decentralizes money and movement including rules and costs that make it difficult for most people on earth to have an "account". The bad news, it is unregulated, with no real assets to back up the crypto-currency. Until assests and trust are available, it is just another form of gambling.

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