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But isn't there value being created in actual legitimate blockchain projects like Filecoin and Storj (dropbox replacements)? For these slower growing coins, isn
by prog5 5y ago
But isn't there value being created in actual legitimate blockchain projects like Filecoin and Storj (dropbox replacements)? For these slower growing coins, isn't the value coming from the utility of the product?
- atweiden 5y ago> But isn't there value being created in actual legitimate blockchain projects like Filecoin and Storj (dropbox replacements)? For these slower growing coins, isn't the value coming from the utility of the product? No. Cryptocurrency valuation is 100% driven by narrative, categorically. Your post in and of itself exemplifies the narrative pumping rhetoric which is at the core of all cryptocurrency valuation. There are absolutely no exceptions to this, and that is not an exaggeration in any way.
- itsdsmurrell 5y agoYes, many people miss this. It's meant to replace banks and provide an alternate system of money. I have my hopes on Bitcoin Cash for this.