3 ms·
Maybe... from what I see (which is limited), "crypto" is feeling the same downward pressure that other stocks like tech are feeling (someone just posted an arti
by version_five 4y ago
Maybe... from what I see (which is limited), "crypto" is feeling the same downward pressure that other stocks like tech are feeling (someone just posted an article about that). But people still haven't come around to the "this is just BS" phase yet that needs to happen. All crypto under current operating models is worth zero, it doesn't need to be marked down, it needs to (and will) be recognized as a scam and written off. I don't see progress towards that out of any of the news I've seen.
- junofan 4y agoI don’t understand the go-to-zero case. Surely an open source, permissionless financial system has some value? There’s tons of value being captured in closed financial systems.
- the_gastropod 4y agoSurely an open source, battle-tested, massively widely used operating system like Linux has some value? There's tons of value being captured by closed operating systems.
- smabie 4y agoBut there is tons of value being captured by closed operating systems?
- the_gastropod 4y agoWindows is closed source and quite a profitable part of Microsoft’s business.
- Spooky23 4y agoSure, but it’s value is half of what it was this time last year.
- aaaaaaaaata 4y agoWhen it returns to "original" value +30%, will you return to this thread? Or are you only interested in discussing this when you can take a victory lap?
- Spooky23 4y agoI’m not “taking a victory lap”. You have a tech that supposed to be digital cash with gold properties that is insanely volatile, often takes a long time to settle and features opaque gas fees, etc. It’s a cool experiment, but it’s almost like Uber - something with great promise that delivered something lesser.