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A comment on Ethereum Isn't Fun Anymore. Parent comment

Re:Ethereum Isn't Fun Anymore by charcircuit on Monday February 22, 2021 @08:38AM (#26224329)
>A store of value should have some reserves behind them or some physical asset

Nope. This is old people thinking. Young people are used to digital items being worth money. People spend real money on cosmetics in video games despite there being nothing physical about them. These "imaginary" things spawned into existence can have value.

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Re:Ethereum Isn't Fun Anymore by microtherion on Monday February 22, 2021 @09:24AM (#26224864)
Have you considered that your use of the term "real money" undermines your position a bit?

People spend money on things with little tangible value all the time. The benchmark, IMHO, is whether others accept these things as payment. It's generally pretty hard to pay your utility bill with Farmville coins, or buy groceries with Angry Birds Mighty Eagles.

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Re:Ethereum Isn't Fun Anymore by virgo_eye on Monday February 22, 2021 @11:28AM (#26226369)
You can't pay your utility bill with Apple stock, or buy groceries with crude oil ETFs. You have to convert them into money first. Does this mean that they are not a store of value?
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