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> One thing I've never understood about crypto is: once the token has completely penetrated society and become the de facto actual currency, doesn't the growth
by kevin_nisbet 5y ago
> One thing I've never understood about crypto is: once the token has completely penetrated society and become the de facto actual currency, doesn't the growth decay? At that point, what's the value in holding that token vs redirecting liquidity to a new token?
I thought that was sort of the point, that crypto wasn't really meant to be an investment class, but more of a stable store of value like a currency. The mix-in at present is it's not a de-facto currency, so the price is highly volatile due to people treating it as an investment, speculating, gambling, etc.
And then the conflict to be wary of, or the question always in the back of my mind when looking at the promoters, is there own investments do better when they sell others on the same investment.