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Why Crypto Can't Buy Happiness
Ones and Tooze
Does Crypto Not Work Like Money?
Wright: In what ways does crypto not work like money? I mean, in what ways does it fail at being a currency? He says the value of bit coin fluctuates gigantically. And that instability interacts with its function as a unit of account and as a store of value - but also as a means of payment. Wight: What they've really become is a vehicle for large scale, leveraged risk loving speculation without meaningful fundamental changes.
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