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That same logic applies to cryptocurrencies. Nobody actually cares about the "utility" of Bitcoin or Ethereum. An expensive cryptocurrency also means expensive
by imtringued 3y ago
That same logic applies to cryptocurrencies. Nobody actually cares about the "utility" of Bitcoin or Ethereum. An expensive cryptocurrency also means expensive fees which diminishes the net benefit of the cryptocurrency. So in practice homeowners and cryptocurrency speculators are making money off the collapse of their community.
- _heimdall 3y agoThere are big differences between homes and cryptocurrencies too though. You can actually live in your home, for example. Crypt I currencies have zero useful value and are somewhere between gambling and a ponzi scheme.