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Who would have said…
by dotcoma 3y ago
Who would have said…
- kolinko 3y agoAs much as I hate NFTs, judging by the history of crypto since 2011, the moment people start pronouncing it dead is the moment it picks up steam again :)
- CydeWeys 3y agoNFTs are collectibles built on top of crypto, though. They're not the same thing as Bitcoin/Ethereum (which have much more utility, and crucially, are fungible). The vast, vast majority of collectibles that have ever been made are valueless, or nearly so. Just look at e.g. all the CCGs that have ever existed, vs how many of them have retained value.
- addicted 3y agoIs crypto even being used for anything? There were ATMs and a few places online I could pay with BTC even a few years ago. I don’t see any of that. It was fairly popular for international transfers but so many govts have clamped down on it in the past few years.
- ygjb 3y agoBTC ATMs are still wildly popular with scammers.
- FerretFred 3y agoI use my limited holding to buy my VPN subscription, and occasionally bung a few donations to various people. I've never considered BTC an investment.
- babelchips 3y agoYes.
- kolinko 3y agoAs for international transfers - I never thought it's a good use case. Int'l wire transfers are getting cheaper and faster, so there's a diminishing market of people who want to do it. For what it's used for - DeFi (i.e. financial instruments of all sorts) is an awesome use case, IMHO way better than the traditional system. The problem is that underlying assets are crap/virtual tokens - if it were actual shares/real world things it would dominate the market. The issue is with SEC/regulations - super hard to make a security tradeable on blockchain. Before SEC got involved (in 2012?) the majority of trading was on actual companies that paid off dividends, like the first ASIC projects, satoshi dice and so on.