3 ms·
There's a potential for them to produce value. Not the case with crypto.
by niij 2y ago
There's a potential for them to produce value. Not the case with crypto.
- LudwigNagasena 2y agoBeing a store of value and a medium of exchange provides value by itself.
- globular-toast 2y agoYeah but that's the network, not the Bitcoin itself. Money as a system is valuable but that doesn't mean it's worth holding cash.
- everfree 2y agoBlockchains can potentially produce value by receiving transaction fees and burning them. This is similar in some ways to a stock buyback. Both Ethereum and Solana are currently coded to do this, though AFAIK neither of them are currently cash-positive due to their burned fees not being enough to offset issuance yet.
- bornfreddy 2y agoAbility to send vale across the world, to anywhere, for relatively low fees, could count as providing value, don't you think? A lot of people do. Bitcoin got labeled just a "store of value", but with Bitcoin Lightning it can be used for low fee payments too. Pity about mining though, I wish they followed Ethereum into staking. It doesn't matter how much value you provide if you burn the planet along the way.
- jayd16 2y agoIf it's working as intended then there's no point in holding on to the crypto itself as there should be a race to the bottom to keep fees low. By investing in crypto as a technology you're hoping that the technology becomes popular but remains expensive.