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> and it just took one crypto crash I'm mostly crypto-skeptic, and appreciate your insights, but this part is to be expected with any market: when the value of
by swatcoder 4y ago
> and it just took one crypto crash
I'm mostly crypto-skeptic, and appreciate your insights, but this part is to be expected with any market: when the value of something is up, certain business models become profitable and start manifesting. When the value goes down, they stop being profitable and those models vanish (or become sustained externally).
It's easy to see in high profile markets like resource extraction, real estate, venture capital availability, etc
So of course the business model of "use crypto as a currency" will vanish/diminish when the currency value of a coin is substantially down.