Community post
Krugman: “what problem does cryptocurrency solve?“
The most important property of a currency: Trust
Inflation rate in Europe and US is niw about 2%.
Venezuela, Iran, Turkey, Argentina have a much higher rate.
For now US has a higher intrest rate, but forhow long can the US pay thrir intrest rate for their debt?
Our financial system is not based on a collateral, but only on debt.
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