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> All the disadvantages without the advantages The advantage to the vast majority of crypto investors / holders is a high speculative return. If BTC was still
by onlyrealcuzzo 2y ago
> All the disadvantages without the advantages
The advantage to the vast majority of crypto investors / holders is a high speculative return.
If BTC was still worth a fraction of a cent, (almost) no one would be investing in it for th decentralized nature.
- deleted 2y ago[deleted]
- FabHK 2y agoIf you look at the market cap of coins, it is obvious that nobody gives a flying fuck about the underlying technology. Bitcoin copies/forks like Litecoin and Bitcoin Cash, jokes like Dogecoin and Shiba Ina, memecoins like $TRUMP are in the top 50, while innovative protocols like Chia are at rank 250 or so.
- panarky 2y ago> nobody gives a flying fuck about the underlying technology That's the thing about money and value. Value is a social construct. Value is not created by the underlying technology. Value comes from collective agreement among human beings. That's why copying a coin doesn't automatically make the copy valuable.
- FabHK 2y agoSure. The thing is, sometimes social sentiment changes. Fiat tends to remain stable and valuable, because it is carefully managed to that end, and is the legally sanctioned method to extinguish debt and pay taxes. Crypto is nothing but magic beans and a bad database. If its value falls, there's nothing to stop the fall but sentiment.
- onlyrealcuzzo 2y ago> Value comes from collective agreement among human beings. It can also come from fraud, market manipulation, etc
- tim333 2y agoA few people care about the technology but a minority.