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A comment on New study detects lottery-like behavior in cryptocurrency markets. Parent comment

Re:New study detects lottery-like behavior in cryptocurrency... by julienb_sea on Thursday April 01, 2021 @02:36PM (#26664367)
To be fair, the utility of crypto projects has remained primarily in theory. There is only minimal advantage to using crypto for actual payments in any legal transaction, and there are some pretty glaring disadvantages (volatility for one).

Also, I'm not sure your counterpoint is that legitimate. No one is investing in gold in the hopes that it doubles or triples in value, whereas that is clearly the hopes of many BTC or ETH buyers.

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Re:New study detects lottery-like behavior in cryptocurrency... by rodiger on Thursday April 01, 2021 @03:31PM (#26665011)
Regardless of the scale, the counterpoint is that many of the utility-first investments listed are not, in fact, based on utility. They are speculative investments based on hopeful price increases.
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