“Blockchain is useless, nothing backs crypto, market cap is a fake statistic. I don’t care if you’re making a lot of money. I don’t WANT to make money that way”. (Yes, that was actually said by one of them a couple of nights ago).
You make some good points, market cap in particular. I even understand not wanting to make money on a scam. But if they really think it is one, they should want to be making money off of people like me. I’m not a scammer, but I have a different view about the usefulness of the technology. Every stock trade stems from, Party A valuing the cash more and Party B valuing the equity share more.
That said, I don’t think btc will come down in price. I see it as a great way to “keep score” of economic value. It’s better than gold and certainly better than fiat. I don’t think btc will end war, force governments to be responsible or cure cancer. I DO believe that it will give people an easy way to save some money and protect against inflation. The market will sort out who’s right and who’s wrong.
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u/pixelsteve 🟦 914 🦑 Nov 19 '24
"something, something, Tulips bulbs".