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That's not what I mean at all, but I can see how you might arrive at that misunderstanding. No, what I mean is that anyone can make new coins in 5 minutes to c
by baobabKoodaa 4y ago
That's not what I mean at all, but I can see how you might arrive at that misunderstanding.
No, what I mean is that anyone can make new coins in 5 minutes to commemorate their favorite meme. There's a very large number of these coins and almost all of them are already valued at zero. So now you can go around saying "most tokens value will drop to zero", which is factually true because they already are at zero, and never were worth much of anything, and nobody traded them. So what?
If you take a typical crypto hodler, most of the value in their portfolio is in tokens like Bitcoin or Ether, and very little value is in meowcatcoin or shibadibacoin. Bitcoin and Ether will not go to zero.
- llamataboot 4y agoI don't think they will go to zero either...necessarily...but much much lower...I think you underestimate the amount that ponzi liquidity inflated everything...
- baobabKoodaa 4y agoI never claimed that they couldn't go much lower. I was arguing against this statement: > The value of most coins will go to zero.
- SV_BubbleTime 4y agoThere is definitely an energy, art, nutritional, collectable value to a steaming pile of shit. I think the obvious issue is no one is going trade their actual-money for it.
- IncRnd 4y agoThanks so much for the explanation!