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We're living in an era when it is easy to create new "currencies". Bitcoin is only the first, as some others have already been developed. The "value" of such cu
by coliveira 6y ago
We're living in an era when it is easy to create new "currencies". Bitcoin is only the first, as some others have already been developed. The "value" of such currencies is a social construct. So, the price of BC will continue to grow as long as people have expectation that it will be valuable in the future.
The only problem I see in "investing" in BC is the counterpart risk, i.e., I don't trust any of the companies that do trading in BC. I think this problem is currently bigger than the "currency" itself.
- companyhen 6y agoThat is why Uniswap and other AMM DEX's are on the rise https://medium.com/dragonfly-research/what-explains-the-rise-of-amms-7d008af1c399 https://medium.com/dragonfly-research/what-explains-the-rise...
- Tepix 6y agoUniswap is not very valuable with the current high fees.
- companyhen 6y agoThat won't be a problem for long, it's the early days for crypto still scaling.