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Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc... by NaturalPhallacy on Monday April 12, 2021 @03:13PM (#26783768)
Only about 10% of USD physically exists: https://www.quora.com/How-much-US-currency-physically-exists...

'M0' is cash. 'M1' are bytes in bank computers.

It's really not a big mental leap from USD that doesn't physically exist (which is 90% of USD) to crypto which doesn't physically exist.

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