Only about 10% of USD physically exists: https://www.quora.com/How-much-US-curre... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		NaturalPhallacy on April 12, 2021 \| parent \| context \| favorite \| on: CEO of a top Bitcoin exchange warns: crackdown on ... Only about 10% of USD physically exists: https://www.quora.com/How-much-US-currency-physically-exists... 'M0' is cash. 'M1' are bytes in bank computers. It's really not a big mental leap from USD that doesn't physically exist (which is 90% of USD) to crypto which doesn't physically exist.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact