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Indeed. This becomes more obvious when we consider the fact that any individual can produce an infinite number of cryptotokens that are fundamentally interchang
by root_axis 9y ago
Indeed. This becomes more obvious when we consider the fact that any individual can produce an infinite number of cryptotokens that are fundamentally interchangeable and indistinguishable from any other, this makes sense when we think about the fact that the "tokens" are not actually discrete objects but really just the practical manifestation of a gignatic balance sheet recorded in a distributed ledger. The cool technical aspect of a blockchain is that we can trust that the data encoded in the ledger will always follow the consensus rules, but if we extrapolate this idea out and imagine a paper ledger with the same properties, it becomes obvious that there is no fundamental reason why any arbitrary ledger is any more intrinsically valuable than another.
- geezerjay 9y agoThat's quite true, and this cryptocurrency mass hysteria has all the markings of a new tulip craze. Meanwhile, sellers keep on pumping the value hoping it's high enough to start dumping on unsuspecting fools.