"..the #crypto system, unlike the traditional finance system, is unable to create real money. It can create tokens that represent dollars, euros, yen etc, but these aren't accepted for real-world transactions such as purchasing condos in the Bahamas. So the crypto system needs inflows of real money. The more it grows, the more real money it must attract."

Blog de #FrancesCoppola: The entire #cryptoecosystem is a #ponzi

#CryptoKrach #KrachFinancier #FTX

https://www.coppolacomment.com/2022/11/the-entire-crypto-ecosystem-is-ponzi.html

"..the crypto system, unlike the traditional finance system, is unable to create real money. It can create tokens that represent dollars, euros, yen etc, but these aren't accepted for real-world transactions such as purchasing condos in the Bahamas. So the crypto system needs inflows of real money. The more it grows, the more real money it must attract."

Blog de #FrancesCoppola: The entire #cryptoecosystem is a #ponzi

#CryptoKrach #KrachFinancier #FTX

https://www.coppolacomment.com/2022/11/the-entire-crypto-ecosystem-is-ponzi.html