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zmcnulty
Jul 26, 2003

It's pretty hilarious how every time a coin is given legitimacy, it's simply because it plugs into the establishment's fiat system somehow. Or gets attention from some central bank, government, regulator, exchange, or institutional investor. Go through all the trouble to create a decentralized, unregulatable currency just to turn around and centralize it and get it regulated.

serious post for those interested, Matt Levine's newsletter (via Bloomberg) talks intelligently about crypto a lot. Typically making fun of it, for obvious reasons.

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