4 ms·
The mantra of cryptocurrency changes every few years depending on what brings in new money. Now BTC's a "store of value" that investors should have exposure to
by fullshark 8y ago
The mantra of cryptocurrency changes every few years depending on what brings in new money. Now BTC's a "store of value" that investors should have exposure to in their portfolio, and the ICOs are speculative investments. In two years they'll come up with a new narrative.
- zodiac 8y ago1. I don't think there's anything wrong with changing the "mantra" as it were. People learn things, opinions change; do your own research and form your own conclusions/hypotheses. 2. There's no one fixed "mantra" of cryptocurrency. As you point out yourself, there's some people who see BTC as a store of value first and optimize for that, and I'm sure you're aware that that's at least not an uncontroversial decision. Different people have different opinions about a ton of different things like monetary supply policy, the importance of censorship-resistance, immutability, non-currency use-cases, etc.
- Meekro 8y agoBTC's dominance in the crypto space is at record lows[1], so I would question their ability to speak for the ecosystem as a whole. Ethereum, Ripple, and Bitcoin Cash have a voice as well. Each of those has a very different vision for the future of cryptocurrency, and none of them are talking about "store of value" as their main goal. [1] https://coinmarketcap.com/charts/#dominance-percentage https://coinmarketcap.com/charts/#dominance-percentage
- baby 8y agoMost non-scam cryptocurrencies use the currency thing to back up another technology on top of it. For example smart contracts or storage of data.