LogFAQs > #965879031

And yet, banking institutions have been the backbone of nearly all complex human societies, power the economy in order to produce actual GDP through investment, and keep a healthy monetary flow throughout the economy through fractional reserve banking. Crypto currencies, on the flip side, are a negative-sum game, meaning that for every dollar that is invested into them, less than one dollar can be extracted out of them. It misdirects the flow of investments away from products that can represeny tangible value towards speculative accounts that are completely detached from the rest of the economy--Remember when people would complain that giving rich people tax breaks is dumb because they'll just put it into savings accounts instead of investing it back into the economy? Well Crypto investments are that, except way more so and also increase our usage of green house gas emitting fuels and create shortages in our electronics supply.