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A comment on The Bear Case for Crypto. Parent comment

Re:The Bear Case for Crypto by otp124 on Tuesday September 12, 2017 @01:19AM (#15224982)
So in that case only capital from the elite can flow into cryptocurrencies, but not be used by consumers for transactions?

Edit: Wouldn't the lack of general consumer transactions ruin the economic viability of most tokens? If so, then there is definitely a case for a bear market.

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Re:The Bear Case for Crypto by AndrewKemendo on Tuesday September 12, 2017 @10:50AM (#15227714)
Wouldn't the lack of general consumer transactions ruin the economic viability of most tokens?

Yes.

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Re:The Bear Case for Crypto by dnautics on Tuesday September 12, 2017 @02:19AM (#15225175)
>Wouldn't the lack of general consumer transactions ruin the economic viability of most tokens? If so, then there is definitely a case for a bear market.

That argument could apply to many high end and luxury goods, yet there are plenty of companies existing in that sector.

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