Replying to Avatar gladstein

How crazy is it that Ray Dalio thinks that “cryptocurrency” is non-debt money

He’s just so far from grasping the fundamentals

We are so early

To clarify: Bitcoin is non-debt money, all other crypto (for example stablecoins or any token scheme where the issuance can be changed by centralized actors) are debt money

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vnprc 1y ago

How is ETH debt money? It is a bearer asset. Even if the issuance schedule is changed it is still a bearer asset.

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vnprc 1y ago

I guess dollars are a bearer asset backed by debt instruments. You seem to be arguing that all cryptocurrencies except BTC are backed by debt instruments. Do you care to explain? It seems obviously untrue. What am I missing?