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Hilary Allen on the Superficial Allure of Crypto
IMF Podcasts
Decentralized Finance
There's this notion that cryptocurrencies are very decentralized because they're run by blockchains of data instead of people. But you say that inevitably these currencies end up being controlled by a small number of people. How does that happen? So let's be realistic about all of this. There has to be someone to make the money.
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