"Tether will eventually flippen Bitcoin."
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They don’t understand economics. Just because they can confiscate your property means it is unlikely.
Restrictions on the future use of property is a reduction in its present value, since one component of its present value is its future saleability. In short, a reduction in property rights is a partial confiscation of property; to take away 10 percent of the value of land is economically no different from taking away 10 percent of the land itself.
Sowell, Thomas. Knowledge And Decisions (p. 39
Restrictions on the future use of property is a reduction in its present value, since one component of its present value is its future saleability. In short, a reduction in property rights is a partial confiscation of property; to take away 10 percent of the value of land is economically no different from taking away 10 percent of the land itself.
Sowell, Thomas. Knowledge And Decisions (p. 39
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