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RE: Steem Bounty - Is Bitcoin a Chaos Proxy? Share Your Thoughts and Get Rewarded
I have to admit, I had to look up what a chaos proxy is.
My best attempt to distill the Bitcoin phenomenon is that crypto is a chaos proxy. As young people lose faith in institutions, they turn to investments that aren't affiliated with nations, central banks, or the institutions that govern them. Source
That about sums it up. Adapting "off the grid" economics. Although, I would like to see the cryptos rise without the social pandemonium. But, I guess we get whatever we get. @ironshield
That indeed sums it up nicely, thanks for sharing :-)
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