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A comment on Ask HN: Why crypto is rising so fast when its not creating value?. Parent comment

Re:Ask HN: Why crypto is rising so fast when its not creatin... by MisterBiggs on Saturday November 06, 2021 @10:30PM (#29135998)
Fair point. Not everything happening on smart contract platforms is good and some of it may even be bad.

The post was asking if value is created and I think that my argument that the market price of doing things in the ecosystem having a real world cost translates to it having value is correct. There are plenty of insanely wasteful and horrible companies that create real value in the world.

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Re:Ask HN: Why crypto is rising so fast when its not creatin... by philosopher1234 on Saturday November 06, 2021 @10:32PM (#29136009)
It may have real value, but people paying money for it doesn’t prove that. Genocide requires a lot of money, so is it valuable?
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Re:Ask HN: Why crypto is rising so fast when its not creatin... by tjr225 on Saturday November 06, 2021 @10:39PM (#29136045)
A quarter of a million Afghan civilians died at war in the last 20 years due to a sham war predicated on phony evidence. This alone should tell you that all sorts of horrible atrocities are valuable.

Crypto still looks and smells like a huge sham, tho, so I’m inclined to agree with your other points.

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