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Being used as money creates value. So, to see if cryptocurrency is a pyramid or not, just look at how much is transacted compared to its total value... Or don
by marcosdumay 2y ago
Being used as money creates value.
So, to see if cryptocurrency is a pyramid or not, just look at how much is transacted compared to its total value...
Or don't, because you already know the result. But it's not inconceivable for a cryptocurrency to create value. It's just that nobody did one that does it yet, and the culture around them makes it less and less likely as time passes.
- tombert 2y agoI don't think cryptocurrency in its current state could realistically work as currency though, because it's deflationary in nature. For the same reason we don't use gold or silver as currency anymore.