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A comment on Ten years in, nobody has come up with a use for blockchain. Parent comment

Re:Ten years in, nobody has come up with a use for blockchain by justaduder on Sunday December 24, 2017 @10:09AM (#15999819)
Who are these people trading with? People trading OUT of cryptos INTO fiat. How does the asset distribution change, net, in that exchange?
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Re:Ten years in, nobody has come up with a use for blockchain by trevelyan on Sunday December 24, 2017 @01:36PM (#16000650)
The distribution of assets changes and also the relative purchasing power of each, but the total volume of fiat in circulation does not change -- you get it, yes!
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Re:Ten years in, nobody has come up with a use for blockchain by qubex on Tuesday December 26, 2017 @03:55AM (#16007797)
(Ceteris Paribus the velocity of the relevant monetary stock measure drops proportionately, which is in and of itself neither a good nor a bad thing.)
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