Private Money with Stefan Eich
The Dig
00:00
Cryptocurrency Isn't Just Gambling
Welik: I don't think currency is doing much, much labour there. Maybe the way in which it does perform some work is in the sense that it gives you a narrative of why this might have value. Nfts cannot pretend to be anything other than speculative assets. Their basically crypto coins that are no longer pretending to do that. Meanwhile, stable coins just brazenly rely on the value of fio currency for their own value. This is simply speculative activity. And not just speculative, but speculative waste, as i'm sure we're gong to talk about.
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