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Each crypto market crash has only been a temporary set back. Market cap could drop 75% and still bounce back within the year. The hyper-competitive and trustle
by qualudeheart 4y ago
Each crypto market crash has only been a temporary set back. Market cap could drop 75% and still bounce back within the year.
The hyper-competitive and trustless nature of crypto rewards the most elite projects staffed by +4 SD minds. It’s like how Quant funds are a darwinian bloodbath.
The only way crypto is going away for good is replacement by vastly better technology or assets.
- snidane 4y agoCrypto is just what you get in a zero interest rate world. That's how it started (fear of money inflation). With interest rates in steady state rates, people would choose wisely if it's better to stash money into a regular savings account or into void of cryptoschemes with occassional jackpot. I agree - the replacement is better assets, such as cash. When it is priced reasonably again.
- qualudeheart 4y agoThose are good points. I haven’t seen much discussion of interest rates in crypto circles even with all the shady 10% APY staking programs designed to compete with savings accounts.