3 ms·
The "space" for a cryptocurrency is a Venn Diagram solely occupied by one circle: Bitcoin. We're seeing a culling of these shitcoin also-rans, which took the mo
by anonymouswacker 4y ago
The "space" for a cryptocurrency is a Venn Diagram solely occupied by one circle: Bitcoin. We're seeing a culling of these shitcoin also-rans, which took the money from the late-coming naive while enriching the early wave of speculators, like any other common pyramid scheme.
- smcl 4y agoAmazing. When the crypto world get bored of minting apes and such maybe they'll try to actually bother to try making bitcoin into something that can be used day-by-day. I don't think they will though. I think it'll remain only a speculative asset whose price jumps erratically to-and-fro until people get bored and move on to the next shiny thing.