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Excellent comment. If you'd like my long term view.. crypto does have value. I've said this since 2009 or so. Its value is the difference of its transaction fe
by noduerme 4y ago
Excellent comment.
If you'd like my long term view.. crypto does have value. I've said this since 2009 or so. Its value is the difference of its transaction fees versus middle parties like credit card companies, plus whatever local currency restrictions are in place which it can circumvent. Take that total and divide it by the number of Bitcoins in the world, that's the maximum logical non-hyped potential value of Bitcoin. It's only worth what it's valuable for as a means of exchange. Its relative value happens to be much more under extreme local circumstances which crop up in various parts of the world. But I do think it serves an otherwise ignored niche.
All those ICO people came much later...
- X6S1x6Okd1st 4y agoYeah my early thoughts around crypto were that it's so nice to have another floor on how expensive it is to transfer value between two parties. Other than ETH L1 transfers are generally sub 10 cents
- noduerme 4y agoThat was totally the original value, I thought. That and being able to take it for blackjack and poker without trusting the holding to LibertyCoin or some shady bullshit outfit like that.