Right. I think crypto for the most part is "sound money". Blockchain is a superior system than many of these opaque traditional systems. The latter could well be a house of cards.
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Right. I think crypto for the most part is "sound money". Blockchain is a superior system than many of these opaque traditional systems. The latter could well be a house of cards.
It is worse than a house of cards.
Derivatives exist because most are not ever called in, because they are too difficult to figure out who owes who what. If anyone looks, it will all go poof.