Replying to Avatar Daniel-san

NYT ignoramus says “banks now love crypto” and essentially the sky is falling because “Unlike paper currencies, whose value can be at least partly controlled by central bank intervention (think: printing more money), the price of crypto is set by supply and demand.” Oh Noooo!!! 😱

🤦🏻‍♂️ @

https://messaging-custom-newsletters.nytimes.com/dynamic/render?campaign_id=9&emc=edit_nn_20250814&instance_id=160520&isViewInBrowser=true&nl=the-morning&paid_regi=0&productCode=NN®i_id=62907478&segment_id=203875&sendId=203875&uri=nyt://newsletter/182f6e89-ea1e-579c-a58e-5aa7856c8352&user_id=854b0a871c6995cd5ce9e5c36973e34f

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The Daniel 🖖 4mo ago

Wow, this is a hilariously bad take.

“Some changes may threaten the very backbone of the banking system: your personal checking account.”

Oh noes…! 😱

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Marc 4mo ago

This is the first time I've seen an argument for paper money. It's not a good argument, but the first one I've seen.