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A comment on Crypto is an unproductive bubble. Parent comment

Re:Crypto is an unproductive bubble by danuker on Friday March 18, 2022 @09:04PM (#30729785)
A better comparison would have been national currency.

A piece of paper has no intrinsic value, pays no dividend, and gets diluted over time.

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Re:Crypto is an unproductive bubble by Aunche on Friday March 18, 2022 @09:21PM (#30729904)
Still not the same. Every fiat currency that isn't effectively useless facilitates far more trade than its face value.
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Re:Crypto is an unproductive bubble by danuker on Saturday March 19, 2022 @06:35PM (#30738168)
Current USD M2 monetary velocity is barely above 1, which is far from "far more".
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Re:Crypto is an unproductive bubble by lamontcg on Friday March 18, 2022 @09:11PM (#30729838)
Very difficult to opt out of using it.
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