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The internet already proved itself to be quite useful by then. I still see no _legit_ uses for cryptocurrencies, 10 years in.
by jonny_eh 9y ago
The internet already proved itself to be quite useful by then. I still see no _legit_ uses for cryptocurrencies, 10 years in.
- disgruntledphd2 9y agoA wildly speculative investment in an era of really low (in fact somewhat negative) interest rates? I mean we have a global asset bubble in general, it's not surprising that some of it is spilling into new and untested stores of value, i suppose. I agree that current crypto-currency ecosystems are pretty insane, but the original idea was super-cool.
- perl4ever 9y agoEvery traditional investment seems to be getting safer and lower in return, so there's all this capital looking for something better...and it's like people assume that high return and high risk go together, so let's invent stuff that has artificially created risk! I was listening to someone who said it's like the opposite of what led to the financial crisis, where they were repackaging risky investments into ostensibly safe derivatives. Now we're creating risky investments out of nothing because we don't seem to have enough risk these days...