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> people willing to invest $12.75B are incorrect Correct about what? I'm sure many people, memecoin flippers and VCs included, will make a lot of money for the
by twelve40 5y ago
> people willing to invest $12.75B are incorrect
Correct about what? I'm sure many people, memecoin flippers and VCs included, will make a lot of money for themselves, just like a lot of people made money on ICOs (remember that one?) Since a VC's job is to make money, many of them will be "correct". But if the only actual useful thing that came out of this decade-long hype fest is a lower-fee version of Transferwise... then it's just not very convincing.
- brian_cloutier 5y agoThat is not the only useful thing which which has come out of cryptocurrencies. There is also Filecoin, which provides a similar service to S3 but at a wildly cheaper price point. There are also more examples of actually useful things you can do today. However, when the OP says something like there isn't a single use it doesn't take a basket of use-cases to refute them, it just takes one example. Do you really think that $12.75B is going into pointless NFTs?