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False. It's hard to get cryptocurrency to do anything productive, it's hard to get cryptocurrency do anything other than gamble, pump, and dump, scam and make bubbles.

But the rest of the economy has been making people's lives better for thousands of years. Would you rather live now, or a hundred years ago? a hundred years ago or 200 years ago? repeat till you're satisfied with my argument. If you hit any snags, just repeat a few times more.

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The real economy certainly makes things, but it does also evolve frauds; the difference is that they get banned and you have to think up a new type of fraud.

There's also the issue of the "business cycle". Why do we have recessions? What can be done about them? Can we mitigate the damage of crashes? Not a solved problem.

The “economy” you attribute these increases in QoL to is pretty mercurial - are we talking about mercantilism during the 1700s, robber baron capitalism of the 1910’s, Chinese state capitalism of today, or Western neoliberalism of the 1990’s?

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