Still not the same. Every fiat currency that isn't effectively useless facilitat... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		Aunche on March 19, 2022 \| parent \| context \| favorite \| on: Crypto is an unproductive bubble Still not the same. Every fiat currency that isn't effectively useless facilitates far more trade than its face value.

danuker on March 19, 2022 [–]

Current USD M2 monetary velocity is barely above 1, which is far from "far more".

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact