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While cryptocurrencies price is clearly decoupled from any real work value. However, I'm really can't imagine what a realistic endgame will look like. Even if t
by ajmurmann 9y ago
While cryptocurrencies price is clearly decoupled from any real work value. However, I'm really can't imagine what a realistic endgame will look like. Even if the bubble pops completely and Bitcoin goes to below $100, I am somewhat certain that the game will restart. There are enough believers to keep this going as a Ponzi scheme machine till the technology has matured enough and it's actually useful. If not that I expect it to longer around as some shady, mostly illegal gambling thing.