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In response to
"But it's unbacked by design, I assume. It offers no returns (coupons, dividends, interest, etc) by design. -- nm"
by
mara
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true, but now we're moving into the theories behind the original design of blockchain - which is a bit tough since we still don't know who developed
Posted by
decline (aka Decline)
Sep 13 '21, 13:19
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it.
The original intent seems to have been to create a currency untethered to any centralized government or controlling entity. Which would create a 'free' way to pay for goods and services anywhere at anytime without limit or restriction.
But I'm not 100% sure those original developers foresaw the development of these speculative markets or how easy it would be to manipulate the markets for profit - which is what we have today
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