Re:MicroStrategy buys BTC with abandon, Tether hits $20B, Ma...
by core-questions on Monday December 14, 2020 @02:02PM
(#25421676)
> $112B spent
But what does "spent" mean? It means that money goes to miners, equipment manufacturers, etc. all of whom then go and spend that money living their lives. Since people aren't just fungible economic units, you can't just stop spending this money without actually incurring a much bigger debt in terms of actual societal impact from having a whole industry out of work....
But what does "spent" mean? It means that money goes to miners, equipment manufacturers, etc. all of whom then go and spend that money living their lives. Since people aren't just fungible economic units, you can't just stop spending this money without actually incurring a much bigger debt in terms of actual societal impact from having a whole industry out of work....