New report out from the Bank of International Settlements: "cryptoassets have so far not reduced but rather amplified the financial risks in less developed economies."
@molly0xfff It's all a house of cards and at any moment one at the bottom could just slip and fall bringing the whole thing down. It truly scares me how much people refuse to see this just because they see only potential profits from it all.
VIRTUALLY ZERO proponents of crypto currencies actually understand economics.
The very fact that many many proponents still proposed, as recent as last year, that crypto would "crush the banks" and "replace fiat money" says everything.
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