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I still refuse to own crypto because its still just a purely speculative investment but there are some insanely talented people working on it. Plenty of turing
by amusedcyclist 5y ago
I still refuse to own crypto because its still just a purely speculative investment but there are some insanely talented people working on it. Plenty of turing award winners working on crypto at Algorand for example. Maybe after the hype dies a bit, we will see some real value be generated OR maybe even very smart people can fool themselves into working on useless projects.
- _8j50 5y agoWhat is speculative about people earning money in exchange for labor and investing that in crypto? Crypto is currency not goods that they would need inherent value. It is not so much specilation but demand, supply and investor confidence. Stocks and forex are just ad much speculative. Tesla is not valued more than all other car makers because if inherent value but because of speculative value and investor confidence for example.
- amusedcyclist 5y agoThat is correct, I also don't own Tesla for that same reason.
- kupfer 5y agoIn addition, I think everyone holding PoW crypto is partly responsible for it's absurd waste of energy and the associated CO2 output. If the price goes up, it only gets worse. I won't use anything PoW again.