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Too many people are in the value chain at this point - chips manufacturers, electricity generators, programmers, VCs [a16z most active], charlatans, influencers
by boringg 5y ago
Too many people are in the value chain at this point - chips manufacturers, electricity generators, programmers, VCs [a16z most active], charlatans, influencers, your neighbors.
I don't know where it goes from here - its almost too late for it to prove any real world value. Also note that as equity assets tank so do crypto currencies - that strong correlation reflects how the Feds monetary policy has unfortunately inflated crypto. Wouldn't it be ironic if that was how Bitcoin actually did become a reserve currency (it won't because it doesn't behave like one and have underlying value similar to USD).