LogFAQs > #978680333

GunmaN1905 posted...

I get what you're saying, but those companies at least exist. (well most of them, lmao)
It's more about the creation of crypto. Brand new currency out of nothing.
That's what I was trying to point out with my post.
Yes, technically when you mine crypto it exists in digital world, but why is it allowed to have value? It's just digital money.

If we decided to create a physical currency like I tried to describe, we certainly wouldn't be allowed to do so.

The South Sea Bubble was an early warning that stocks are dangerous. We didn't listen. Crypto and other invented wealth only exists because the stock markets got away with it first, and then even after almost destroying NATIONS IN THE 1700s, were allowed to stick around with only a little extra legislation.

People will always try to invent wealth if they are allowed.