Recession Cancelled: Crypto Summer Is Here | Weekly Round-up
Supply Shock
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The Law of Increasing Returns
The dollar is valuable because it has no backing. There's no silver behind it. No full faith in credit. It only has value because you and I have belief in custom that if I give you a green piece of paper or a bunch of ones and zeros in your bank account, that you can use it to acquire some good or service. Paul Romer won the Nobel Prize for this four or five years ago. And it says that the best technology is not the technology. But what's really big is the ability to create a unique asset in the digital space. A lot of companies will be built on that. He believes everything in the world, every stockery bond, every currency
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