lmao I can barely type you are trolling you cunt.
Uhm....?
Wyatt Nguyen
Gabriel Thompson
>only one global market cap
>each additional currency theoretically devalues the existing currencies
>new wealth must enter the global crypto market or existing currencies are devalued
Seems pretty straightforward to me.
Ethan Anderson
I'm laughing so hard. I need to learn to explain more simply
Xavier Stewart
>implying fiat doesn't also have a global market cap
>"theoretically"
>implying this guy isn't a fucking loooooser
Carter Moore
If you created a new fiat currency you would have to move the wealth backing abother fiat currency into your new currency. This, devaluing the existing fiat currency.
Unless you just happen to have the wealth to begin (land full of oil or something) with which isn't the case for crypto so it's irrelevant.
Colton Lee
Alternatively, you're new currency would need to be backed by an existing currency which represents wealth. Which is why so many are backed by USD.