If you’re taking water and putting it in a closed loop, you’re effectively removing it from the natural water cycle until you remove it from said closed loop, no?
I agree the articles make it sound more like they are just burning water out of existence lol.
It’s not real currency, it’s a token.
I can’t use it to pay my taxes to the US federal government and it must be traded in for actual currency to do so.
Just like a token at an arcade.
They are also vehicles of wild speculation… And unlike stocks (where I gain partial ownership of a company) and bonds (where I gain a claim on their monetary inflows and primacy if the venture crumbles), crypto gives me… What exactly?
I don’t get to be an owner or a creditor. I become… Holder of a mining incentive?
I’m sorry it’s not what a lot of people seem to think it is.
It’s almost like making the line go up at all costs at an ever increasing rate isn’t the best way to run a company
The federal government creates the money either through direct spending by Congress or back stopping money creation by private banks via the reserve system. Money is then destroyed through taxation.
The “debt” is literally the count of untaxed dollars in circulation.
Treasury securities are simply money that they pay interest on.
They create the money. How can they ever run out of money???
“They don’t teach my intellectually unsound, experimentally unverified viewpoint at the learning place!”
And I’m considered a snowflake for having and expressing human emotions. Jfc