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Hilary Allen on the Superficial Allure of Crypto
IMF Podcasts
Cryptocurrency
The volatility for individuals is what we call like an investor protection or consumer protection problem. There's not any quality control on the software code for these assets, right? So that makes them vulnerable to hacks in a way that traditional finance doesn't. The process of validating Bitcoin transactions uses as much energy as the entire country of the Philippines or the Netherlands.
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