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The value of any particular coin is pure marketing. Anyone can start a coin. There is literally an infinite supply. The only thing giving them vale us popularit
by all_blue_chucks 8y ago
The value of any particular coin is pure marketing. Anyone can start a coin. There is literally an infinite supply. The only thing giving them vale us popularity, and marketing is what drives popularity.
Token price speculation (aka "crypto investing") is much more about marketing than it is about technology. This is why you see cult-like marketing attempts.
- agumonkey 8y agoI'm not thinking of marketing attempts, more about the behavior of people. All monitoring that weird curve and doing random acts to grab bonuses nervously. Making up theories on the fly about what is going on or not. Listening to those who had luck or were there since long ago. Another aspect, gambling (because most of it [trading] is gambling) can have immense distortion power over your brain. When you have money and high frequency random noise .. you're in for a nice emotional rollercoaster.
- georgeecollins 8y agoThis note is legal tender for all debts public and private. Is not pure marketing.
- all_blue_chucks 8y agoFiat currency gets value from the fact that it is legally required ('by fiat') to use. There is no such requirement for tokens.