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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 cryptoquick on Thursday April 01, 2021 @03:44PM (#26665144)
Filecoin, for one. Long-term data storage is essentially a byproduct of its mining algorithm, much like waste heat from Bitcoin miners.

Also, there's utility in a trustless, predictable, uncorruptible source of scarcity. Meanwhile, the supply of gold is difficult to audit, we have no idea to what extent nation states are manipulating its supply.

The value of a deflationary monetary policy cannot be understated.

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Re:New study detects lottery-like behavior in cryptocurrency... by rodiger on Thursday April 01, 2021 @03:52PM (#26665226)
Filecoin is useful, but incredibly overpriced and its model unfortunately perpetuates ponzi-like investing[0]. Also deflationary monetary policy is awful if you want people to spend money. Why buy something today if it will be cheaper tomorrow?

[0] https://www.reddit.com/r/CryptoCurrency/comments/mhpaar/file...

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