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The only "legitimate business" anybody's done with crypto is buying lots of it and hoping the value keeps going up. Nobody is actually using BTC/ETH/XMR/etc to
by hannasanarion 5y ago
The only "legitimate business" anybody's done with crypto is buying lots of it and hoping the value keeps going up. Nobody is actually using BTC/ETH/XMR/etc to do business or conduct commerce, it's all just speculation.
There is no compelling reason to believe that cryptocurrencies are anything other than digital beanie-babies. At least beanie-babies had inherent value as a toy.
- Viliam1234 5y ago> The only "legitimate business" anybody's done with crypto is buying lots of it and hoping the value keeps going up. Yes, and HN kept telling everyone for years not to do that. And the value kept going up. I wish I had a bitcoin for every "don't buy bitcoin" article that hit HN frontpage...
- hannasanarion 5y agoBeannie baby prices were pretty high in '99 too. Speculation is not business, high prices are not proof of utility, and the purpose of currency is not to hodl.