Quote (S3th @ Feb 8 2021 01:59pm)
I understand the value of blockchain but I am having a hard time understanding the value of coins. Can someone shed light on why BTC or ETH are justified in their current pricing? Bitcoin will never be used at a point-of-sale; too slow. Is it just a first-mover advantage added with the goodwill of the name/branding, or perhaps long-term prospects that it will be a stable coin?
The only value I derive from BTC or ETH is how anonymous it is in nature. But from a value perspective, Bitcoin is a technology that will/has already been surpassed. & what is stopping Visa, Mastercard, JPM, etc. from creating a stable coin for their own network to process transactions in a fraction of a second?
BTC has a limited quantity, unlike FIAT money which can just be printed at the will of a federal reserve. that's value added, scarcity is good in commodities.
BTC's price, well above its usage of it's block chain, is 2 fold. it's the first mover in the space, and also a store of value for many people who wont sell it, driving up more scarcity.
"its the money of the people" talk is usually the kind of thing i roll my eyes at a bit, but as a currency it's not controlled by a government and can't be inflated into death.
Quote (seekingpower @ Feb 8 2021 02:23pm)
Besides criminals who uses crypto?
Everyone is buying it for 1 reason only: hoping it will be worth more.
Cryptocurrency is not the future.
ahahahahahahahahaahahah. wewlad
This post was edited by thesnipa on Feb 8 2021 02:27pm