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It’s all relative, isn’t it? Since tokens have no utility or intrinsic value, or economic connection to any other thing, then they are almost pure expressions o
by Finnucane 8y ago
It’s all relative, isn’t it? Since tokens have no utility or intrinsic value, or economic connection to any other thing, then they are almost pure expressions of commodity pricing: at any given moments, they are worth exactly what someone is willing to pay for them, no more or less. They just blow around according to the fleeting whims of the market.
- shit-show 8y agoYup I came here to say this. Institutional investors are realizing this and some firm is shorting the shit out of this market: https://news.ycombinator.com/item?id=17755028 https://news.ycombinator.com/item?id=17755028