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> The "cryptocurrency" concept seems to be based on a mistrust of government-issued currency and a mistrust of government more generally.

It certainly was. Some coins like monero still are all about that. Most of the cryptocurrency space turned into stocks though. They even reinvented banks.

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tbf, recreating banks but without regulation is one way to go about orchestrating once-in-a-generation wealth transfer from... one LP to another.

What does that even mean?

It means reinventing the wheel is going to yield a square. But not just a square but a new and exciting square where many people who once had money no longer have money because it was transferred to another pool of liquidity and those poor souls still left outside in the cold will not be made whole.

OK. Clear as mud :)

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