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Re:FTX to file for U.S. bankruptcy, CEO resigns by GrinningFool on Friday November 11, 2022 @05:10PM (#33567555)
You haven't answered the OP's question though.

From the article you posted, it seems like its primary value there has been as a proxy for other [more stable] currencies.

USD did that something like that for a while when it was gold-backed. How is it now revolutionary when crypto does the same thing backed by fiat currencies instead of gold?

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