And then you realize that this is pure speculation and the most ardent supporters are just praying for the greater fool theory to rain good fortune on them.
You need look no further than Coinbase, supposed beacon of our crypto future, IPO'ing and raising money in...that worthless green piece of paper known as the US Dollar.
Some general cryptocurrency technical discussion can be found on r/CryptoTechnology [2]
https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-d...
is it possible to do an ipo in crypto?
An ICO is just an IPO by a different name. There are also crypto stock exchanges.
But more importantly, even if it weren't possible, why would they ever sell their shares for worthless legacy money? Unless...
Crypto is not a currency but an investment product; can we please just accept that and talk about it for what it is?
Is what they enable worth $40.000 to the enthusiasts?
I won't make the case for cryptocurrencies here, have a look at ethereum.org for instance.
> Is what they enable worth $40.000 to the enthusiasts?
I'm not denying that the current price hike and media attention has little to do with any other aspect than "decentralized ponzi"/dollar escape. Was just correcting a false statement.
It's called hyperdeflation.
If anything it'll get worse as it goes from 1 million to 10 million to 100 million. Back when 1 bitcoin = 1 pizza there were perhaps 1000 people into it?