The topic was the DTCC, which you clearly understand nothing about.
And you're picking and choosing where you apply your arguments, which is wildly dishonest. If a power outage kills crypto, it kills stocks too. There's no difference there, because it's all online.
If DTCC is some kind of common knitting system, then okay. But do you really have a point of information or are you just wanting to one-up me by introducing new elements.
A power outage will interrupt mining. A stock market will go down for the length of the power interruption, and then go back up. Who, knows, maybe crypto could come back up. But it is like saying a Ponzi scheme can survive a hiccup, when the real problem is that it has a limited life based on the mismatch between income and outgo. The currency represents an energy debt, not an asset. (It reminds me of the idea of Technocracy of the "technate," a currency based on a unit of energy.)
The topic was the DTCC, which you clearly understand nothing about.
And you're picking and choosing where you apply your arguments, which is wildly dishonest. If a power outage kills crypto, it kills stocks too. There's no difference there, because it's all online.
If DTCC is some kind of common knitting system, then okay. But do you really have a point of information or are you just wanting to one-up me by introducing new elements.
A power outage will interrupt mining. A stock market will go down for the length of the power interruption, and then go back up. Who, knows, maybe crypto could come back up. But it is like saying a Ponzi scheme can survive a hiccup, when the real problem is that it has a limited life based on the mismatch between income and outgo. The currency represents an energy debt, not an asset. (It reminds me of the idea of Technocracy of the "technate," a currency based on a unit of energy.)