> Casual use of the phrase "whenever there's a catastrophe in crypto", since there really is one every few days
in some sense crypto's resiliance against so many catastrophies is amazing. if this was USD we would be at WW10 and two October revolutions by now
Because USD is actually used as a currency...?
The only reasons crypto is so "resilient" is that there are so many of them to fail and most of the money invested is from speculation and crime and both sources kind of expect to lose it.
> if this was USD we would be at WW10 and two October revolutions by now
This is the farthest reach I've ever seen someone make to state a positive about crypto.
as in the order of things in the world is changing so fast we have little time to analyze root causes. some examples
we went from being too scared to visit family because of a flu virus to pumping our chests against a super power in a blink of an eye
the us just approved a massive military package to ukraine that dwarfs anything given to israel and at a time us has trouble getting baby formula
forget crypto ... the world economy is on the verge of total collapse
and this all is tied to the is dollar because ... well ... of its current status as world reserve currency
also ... if ukraine-russia conflict is showing us anything it is that the natural resources question is far from certain. if we are to learn from history we would hastily take note that it is the question of resources that brought about the first world war
ok