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most crypto projects are independent from one another. Most all of these coin failures happen as tokens on typically the ethereum blockchain, yet ethereum still
by toolz 3y ago
most crypto projects are independent from one another. Most all of these coin failures happen as tokens on typically the ethereum blockchain, yet ethereum still stands strong as well as many others. There's no argument from me that the vast majority of crypto projects will fail and I sometimes wonder why people portray that as a bad thing. In a free market where pure economic incentives choose the winners and losers, most everything fails. That is what a healthy, dynamic economy looks like. A healthy economy wants many participants trying and only a select few who are positioned at the top of any category should continue to succeed as they are the most well equipped to provide goods or services.
tl;dr; numerous failures is a positive economic signal
- smcl 3y agoAhhhh you nearly said the line - "this is actually good for bitcoin!" Alright look the only outcome here for me is good. Either cryptocurrencies melt away into nothing and you guys all go off and find a new Thing. Or Cryptocurrencies surprise everyone and somehow a decade after achieving nothing other than hype they finally find a thing they are useful at, and I can use them for that thing. For now I'm going to continue to treat them all like they're means of buying and selling Ape JPEGs until they can do something else though.