Trace Mayer used to describe Bitcoin as "A black hole on the world's balance sheet" some way back (before he, err, retired himself from the public eye).
Seems like it to me. I'm thinking broken money leads to strange investments. Harder money should drive people away from investing in penny stocks on robin hood, it should drive alot of people away from storing shiny metal rock, and it should make people think twice about becoming property managers on highly taxed and interfered with"property".
Frame the question better.
Trace Mayer used to describe Bitcoin as "A black hole on the world's balance sheet" some way back (before he, err, retired himself from the public eye).
Seems like it to me. I'm thinking broken money leads to strange investments. Harder money should drive people away from investing in penny stocks on robin hood, it should drive alot of people away from storing shiny metal rock, and it should make people think twice about becoming property managers on highly taxed and interfered with"property".
Depends on what you mean by "black hole"
no