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A comment on $8000 of SHIB coin is worth $5.7b (in 400 days). Parent comment

Re:$8000 of SHIB coin is worth $5.7b (in 400 days) by Icko on Thursday October 28, 2021 @08:59AM (#29025546)
It's not a zero-sum game. Even if it was, the cost would be carried by the people paying $5bn for a shitcoin. The pollution etc. are just externalities and not necessary.
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Re:$8000 of SHIB coin is worth $5.7b (in 400 days) by astoor on Thursday October 28, 2021 @09:26AM (#29025842)
How can cryptocurrencies not be zero sum? Especially meme coins like SHIB. These are purely speculative devices, have no intrinsic value, and don't lead to the creation of legitimately beneficial products or services, etc. - all they do is consume resources like electricity and people's time.
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Re:$8000 of SHIB coin is worth $5.7b (in 400 days) by ajkdhcb2 on Thursday October 28, 2021 @09:55AM (#29026170)
Wikileaks gets banned from all payment processors -> accepts bitcoin -> people donated whom would have been otherwise unable -> the censorship resistant technology facilitated democratic values and improved society, which is something valuable

Darknet markets are also facilitated, creating very valuable marketplaces. You wouldnt say ebay has no value

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Re:$8000 of SHIB coin is worth $5.7b (in 400 days) by VHRanger on Thursday October 28, 2021 @09:25AM (#29025829)
Right , PoW crypto is a negative sum game
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Re:$8000 of SHIB coin is worth $5.7b (in 400 days) by zardo on Thursday October 28, 2021 @09:26AM (#29025837)
> It's not a zero-sum game

Yes it is.

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Re:$8000 of SHIB coin is worth $5.7b (in 400 days) by robjan on Thursday October 28, 2021 @09:39AM (#29025975)
A normal trade is not zero-sum
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Re:$8000 of SHIB coin is worth $5.7b (in 400 days) by zardo on Thursday October 28, 2021 @09:53AM (#29026148)
I don't know what a normal trade is. What does it have to do with speculating on crypto coins?
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Re:$8000 of SHIB coin is worth $5.7b (in 400 days) by ootsootsoots on Thursday October 28, 2021 @10:12AM (#29026341)
There is no root node to the universe

People playing mind games does not anchor reality to them

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