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Well ignoring the fact that beanie babies still sell for thousands of dollars today, they also never became a countries legally enforce currency (el salvador) o
by toolz 4y ago
Well ignoring the fact that beanie babies still sell for thousands of dollars today, they also never became a countries legally enforce currency (el salvador) or were utilized by the EIB (europes federal reserve equivalent) to issue bonds.
I think you'll struggle to find many comparisons to short-lived hypes with cryptocurrency as a category.
- SketchySeaBeast 4y agoTrue, but something being new doesn't make it more worthy. The subprime lending catastrophe was due to a novel, very popular, idea and people got rich off that as well at first.
- toolz 4y agoBeing worthy doesn't really have anything to do with whether something survives the test of time. That's a different, subjective, argument.
- SketchySeaBeast 4y agoYou're right. Worthy was a bad choice. I simply meant that doesn't mean it would turn out to be useful or stand the test of time as being a good investment just like how for the vast vast majority of people beanie babies weren't and still aren't either.
- shkkmo 4y ago> the fact that beanie babies still sell for thousands of dollars today A few do, most are completely worthless. That really doesn't make cryptocurrencies look any better.
- toolz 4y ago> That really doesn't make cryptocurrencies look any better. or any worse.