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A comment on Bitcoin Sinks to $41,000 Amid ‘Extreme Fear’. Parent comment

Re:Bitcoin Sinks to $41,000 Amid ‘Extreme Fear’ by maccam912 on Friday January 07, 2022 @10:08AM (#29839952)
Agreed. Currency was the worst thing to happen to blockchains. Maybe someone needs to purposely create a hyperinflationary cryptocurrency.
[ Parent | on HN ]
Re:Bitcoin Sinks to $41,000 Amid ‘Extreme Fear’ by vmception on Friday January 07, 2022 @10:50AM (#29840494)
many people have tried that

turns out that speculation drives innovation, which really translates into any interest at all

without the competitive pressure, people put their time and resources on other things

with high supply creation experiments in the crypto space, the demand never catches up as nobody wants to earn the currency or buy the currency

[ Parent | on HN ]