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Comment by throwaway4good

It is the idea that money is credit / debt.

https://en.wikipedia.org/wiki/Credit_theory_of_money

As for Bitcoin. Who cares if it is a bubble or a ponzi? People make money and gambling is a part of human nature.

People are stuck at home and cannot go to the cinema. Investing in Bitcoin and watching Elon's twitter is an ok replacement for now.

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