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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 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.
[ Parent | on HN ]
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

[ Parent | on HN ]