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I think of them as the canonical infinite of fiat currency. More than any other thing, they are ONLY the value of 'getting everyone to agree they are this value

I think of them as the canonical infinite of fiat currency. More than any other thing, they are ONLY the value of 'getting everyone to agree they are this value'. It's beyond meaningless, but there's a fundamental nature to what it is: a pure power play. You might as well go, 'I have eleventy billion dollars, prove me wrong' and save a heck of a lot of energy. It will all come down to how many weapons you can bring to bear, regardless.

dfhjgkljhf44 6y ago
>...they are ONLY the value of 'getting everyone to agree they are this value'. This is true of all kinds of tokens. The real takeaway is that cryptocurrencies are now so valuable that there are a plurality of individuals with over $100M, no taste, and no sense. This is a result of massive flows of money into the space. Fungible tokens are trivial replacements for large swaths of any financial system. There are great things going on adjacent to this sideshow.