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Mining Fiat is Unsustainable

Written by @kameir | Published on 2020/5/28

TL;DR
The world's total supply of fiat money amounted to $157 trillion in the fourth quarter of 2019. The total addressable market opportunity could exceed the combined market cap of Saudi Aramco, Apple, Microsoft, Alphabet (Google), Amazon and Facebook. A fast growing vertical within the blockchain space is peer-to-peer banking, without the need of "fiat money" Bitcoin, ether, USDC and USDC are examples of "stable coins" that are used as a refuge from more volatile cryptocurrencies.

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Written by
@kameir
Managing Partner, Sustany Capital

Topics and
tags
economics|fiat-currency|fiat-system|blockchain|cryptocurrrency|product-market-fit|inflation|crypto-exchange
This story on HackerNoon has a decentralized backup on Sia.
Transaction ID: tGLuVxfYSttJO010hODXZoAWmHC1WMlW29zFVWBJVtA