8 ms·
It's too small. It's entire, and arguably entirely fantastical market cap is still smaller than Apple.
by WalterSear 4y ago
It's too small. It's entire, and arguably entirely fantastical market cap is still smaller than Apple.
- birracerveza 4y agoYeah, but it makes for a fantastic scapegoat.
- hef19898 4y agoScapegoat for what excatly?
- johnnymorgan 4y agoThe economy collapsing...it's the first comment in this thread for context.
- hef19898 4y agoI thought Germany's dependency on Russian gas was the reason this time?
- birracerveza 4y agoIt depends on how the media wants to spin it. My point was, even if the whole crypto ecosystem went to zero right now, the effects on the economy at large would be negligible. However, it would be the perfect scapegoat to finally crash the economy with no survivors. The media would not have a problem with just blaming it all on crypto: as you can see here, people are already very eager to do so! No other explanation needed to convince the masses!
- hef19898 4y agoWhom exactly would want to crash the whole economy?
- birracerveza 4y agoYou are aware that the whole economy is a house of cards, right? Not just crypto? It is bound to crash down after the last decades of reckless policies and all-around fuckery going on. So why not do this "cleansing" while blaming it all on an already hated scapegoat? It doesn't matter if it's not real nor realistic, what matters is the narrative, which I'm sure everyone ITT will gladly lap up!
- mbesto 4y ago> arguably entirely fantastical market cap The idea of using market cap as a frame of reference for crypto needs to die. There are much stricter controls about how a company issues more stock (and thus can inflate or deflate the price) than how a cryptocurrency issues more coins. Also, cryptocurrency market caps are denominated as an exchange of <insert your country> fiat, whereas a company's market cap is in the fiat in which the company is actually sourced (e.g. NASDAQ). You just can't compare the two.