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A comment on Filecoin Suspends ICO After Raising $186M in One Hour. Parent comment

Re:Filecoin Suspends ICO After Raising $186M in One Hour by tome on Friday August 11, 2017 @11:17AM (#14990502)
Money doesn't "move into these currencies". Someone has USD, someone has BTC. They swap. That's it.
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Re:Filecoin Suspends ICO After Raising $186M in One Hour by tome on Friday August 11, 2017 @12:02PM (#14991114)
Or maybe you mean that too much productive capital is being wasted mining these coins? If so, maybe you're right. I'm not sure that has much to do with a crash that would affect the global economy though.
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Re:Filecoin Suspends ICO After Raising $186M in One Hour by pessimizer on Friday August 11, 2017 @05:39PM (#14994545)
You're not saying anything that couldn't be said about houses in the US Midwest.
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Re:Filecoin Suspends ICO After Raising $186M in One Hour by tome on Saturday August 12, 2017 @04:38AM (#14997067)
> You're not saying anything that couldn't be said about houses in the US Midwest.

So?

The reason it was problematic for people to pour money into housing was that loans (often loans of around 100%) were secured on these assets. No one is currently securing loans on Bitcoin holdings. If they start to, that will be a problem, but I don't see banks ever securing loans on something so volatile.

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