Thought:
"A decentralized money system, based on a currency that's outside of the system..."
"...how much is bitcoin worth right now..?"
"5000 dollars..."
"how much is gold right now..?"
"1300 dollars......"
"so if the algos decided to drop both of these by half, your perceived value of them would drop 50% too..."
"well when i sell them it has to be near the spot price..."
"So you don't have control of your currency's value?"
"no..."
"Well I'm sorry, but you are insane. You're letting someone else tell you how much your things are worth. That's a lot of leverage, and it doesn't sound "outside" of anything..."
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