In bitcoin's case it is a liquid global asset, this has never happened before, this allows it to be used as collateral globally which is what SALT enables. This is one innovation driven by speculation. Without speculation you wouldn't have the liquidity, and it would be a bad collateral system.
The SALT system allows people worldwide to lend to others. Even in sanctioned countries because they can just source lenders in those countries and the borrower has the universal collateral.
And thats just one utility, only possible because of the speculation driving liquidity.
The SALT system allows people worldwide to lend to others. Even in sanctioned countries because they can just source lenders in those countries and the borrower has the universal collateral.
And thats just one utility, only possible because of the speculation driving liquidity.