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A comment on Major crypto lender Celsius freezes withdrawals as markets tumble. Parent comment

Re:Major crypto lender Celsius freezes withdrawals as market... by coreyh14444 on Monday June 13, 2022 @09:49AM (#31725528)
The US Government has an absolute monopoly on taxing every single American person and business indefinitely. That's, uh, substantially different.
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Re:Major crypto lender Celsius freezes withdrawals as market... by tshaddox on Monday June 13, 2022 @10:14AM (#31725890)
Still, what determines the actual value of one USD?
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Re:Major crypto lender Celsius freezes withdrawals as market... by chasd00 on Monday June 13, 2022 @10:41AM (#31726309)
not trying to be 100% tongue in cheek because this is basically true. The link below is what determines value in USD

https://en.wikipedia.org/wiki/United_States_Strategic_Comman...

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Re:Major crypto lender Celsius freezes withdrawals as market... by danuker on Monday June 13, 2022 @10:10AM (#31725823)
Taxation makes up $4T, which is less than a fifth of GDP ($23T).
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Re:Major crypto lender Celsius freezes withdrawals as market... by arbitrary_name on Monday June 13, 2022 @11:12AM (#31726696)
That still ensures a certain price for, which i personally believe does not exist in btc.
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Re:Major crypto lender Celsius freezes withdrawals as market... by danuker on Monday June 13, 2022 @11:41AM (#31727091)
I believe its supply-side economics attract a certain demand.

But sadly the price increases also attract a different kind of demand, much more volatile (80% crashes now and then).

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