The Dollar's Relationship to the Dollar

Steven: I think there's a fundamental misunderstanding of what the purpose of a currency is. He says we'd be better off having like a nationally coordinated campaign to just get everybody to own stocks. Steven argues that people should only own productive assets that generate cash and bitcoin isn't one of those. Steven asks why would anyone want to invest in bitcoins when they are so scarce? "I'm just waiting for my time to pounce," he writes.

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