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It's pretty obvious that the majority of transaction volume and value is rubbish. Bots buying, selling, and trading to each other with millions of addresses. Th
by Gigachad 3y ago
It's pretty obvious that the majority of transaction volume and value is rubbish. Bots buying, selling, and trading to each other with millions of addresses. The actual real user count for crypto would be a very tiny % of the active addresses. And the real value not even close to the claimed market caps.
- andirk 3y agoIt costs real world dollars to transact so it's not nothing. This argument can be made for stonks as well, right?
- december456 3y agoHow can you verify that? Other than, you know, "something that a anti-crypto bro on the Internet told you?" I'm being slightly salty here but i dont get the backlash on crypto. It has a huge potential for safeguarding privacy (Monero) and avoiding corporate walled gardens and banks.
- tossl568 3y agoI'm not talking about "crypto", I'm talking about Bitcoin. Bitcoin is not free to send or trade. The vast majority of Bitcoin is held by long term holders and hasn't moved on chain in years. Saving in hard money is the primary use case. Hashing secures those Bitcon from being reversed out of your wallet right back to the very first block.