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None. It's not meant to be an investment, it just happens to be used like one currently. It's ironic, the same thing that makes these coins valuable to people
by somethingAlex 5y ago
None. It's not meant to be an investment, it just happens to be used like one currently.
It's ironic, the same thing that makes these coins valuable to people (volatility, and mostly in the upwards direction) is a major reason why they are hard to use for mass transactions.
However, there is some good here. People are getting familiar with crypto by participating in this investment strategy. A relatively stable coin capable of high transaction throughput and low fees - one that can actually be used as a currency instead of an investment - will benefit from this in the future.
- 8note 5y agoGiven the decentralized nature of cryptos, won't they always be used for what the richest people want them used for? They will always want to form an oligopoly