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Given that nearly all that volume is made up of artificial wash trading to manipulate the price, I'm not buying it. If crypto had any real world use I would see

Given that nearly all that volume is made up of artificial wash trading to manipulate the price, I'm not buying it. If crypto had any real world use I would see it when I stepped outside into the world, and I don't.

toolz 3y ago
Either you're saying that something has to benefit you personally for it to have "real world use" (which is a misuse of the phrase) or you're saying you haven't done any research, including the two real world uses I posted in my previous comment. I'm guessing I'm interpreting what you're saying wrong, but I'm failing to come up with any other way to read your comment. Also the highest trading volume of NYSE is close to 300 billion in a day. The highest trading volume of crypto is something like 500 billion with some estimates saying 51% of all crypto volume is artificial. That still puts crypto's trading volume peak only ~40 billion off from NYSE trading volume peak. So by that metric alone crypto as a financial instrument is successful.