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RE: How The Higher Education Bubble Could Affect Cryptocurrencies

in #economics7 years ago

I find this to be an interesting phenomenon.

although, I am unsure if that sort of debt swapping would be beneficial to the health of the cryptocurrency, or any currency for that matter. it was practices of this sort that caused, helped cause the 2008 recession.

it is a theory that I am starting to think of, that with the advent of digital currencies, we can do pretty much what you can convince another party to believe that something is worth.

it is a basic assumption of the process of valuation.

it is sort of like we could go out and collect rocks. and that would be worth money, it would get quite deep, might post research as i do it about this theory.

mostly that we can quantify most things with the use of the term "currency" and a representation of said "object" the semantical gymnastics, are somthing i look forward to dealing with.

that is if i you know....do the work. spread the word if you think it needs to?
just some food for thought, might be interesting what others feel about this.