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Can't wait to see the whole crypto house of cards eventually collapse on itself. Hopefully then we can move on to more productive things. The only cryptos I can
by Thorentis 4y ago
Can't wait to see the whole crypto house of cards eventually collapse on itself. Hopefully then we can move on to more productive things. The only cryptos I can see surviving are those with actual utility. Monero for example. Possibly ETH since the smart contracts may have other uses in future. But all these second order tokens are just vaporware that need to die.
- hestefisk 4y agoHow come monero? Because of its secrecy properties?
- BoiledCabbage 4y agoLikely because that's the one he's invested in.
- baxtr 4y agoThat's the usual way to "shill" a coin. Say something people would agree to and then say, well there is this one exception... However, I believe that's not what OG was doing. Coins like the one he mentioned are used for illegal money transfers. So they actually have a use case unlike everything else in Crypto.
- Nevermark 4y agoI thought Monero was going to grow in value in some kind of proportion to the term of Russian sanctions. The total Monero market cap is too small to make a dent in any nations attempt to get around sanctions, but that would mean even a "small" amount of Monero use would pump its cap. And as its cap went up, its ability to process larger transactions would go up. [Added] A virtuous (villainous?) cycle! I still think that is valid long term reasoning, but the crypto market has so many different forces on it, so many hidden dynamics, that it's still better modeled as a casino than tech.
- imtringued 4y agoThe cryptocurrency I "shill" can't be used for speculation in the buy and hold sense. The only way you can make money off of it is by making it less volatile and speculative.
- Thorentis 4y agoNot at all! Monero is the only crypto that ever managed decent anonymity so I think it will continue to be used in illegal marketplaces even after the rest of crypto crashes. Some interesting security research being done in the Monero community as well.
- julienreszka 4y agoPrivacy and because it's proof of work.
- rippercushions 4y agoIt's effectively anonymous, and thus much better suited to drug dealing and money laundering than Bitcoin or Ether.
- silisili 4y agoSame. I've been hounded by coworkers and friends and even family to do crypto, for -years-. I told them it all it has no value, leave me alone. I thought I'd have to eat crow when Bitcoin hit 60k. At least, theoretically, I still thought it was dumb. Just a tiny slice of just desserts. Hopefully more to come.
- bboygravity 4y agoWhy are you discussing crypto currencies under an article about a broker/bank/exchange? That's like discussing the USD and EUR under an article about Credit Suisse or Lehman.
- deleted 4y ago[deleted]