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Re:Ethereum Has Issues by yunohn on Friday April 15, 2022 @01:59AM (#31037003)
> I guess growing your money is popular, who would figure that.

But… how is /everyone/ getting rich?

Crypto is provably negative sum. Someone has to lose money for you to make money. And miners, exchanges, etc are all middle layers that extract large %s of fees. Where is the extra value generated to be able to make everyone a profit?

Re:Ethereum Has Issues by akimball on Friday April 15, 2022 @04:51AM (#31037924)
Crypto is not probably negative sum without resort to false premises.
Re:Ethereum Has Issues by yunohn on Friday April 15, 2022 @06:16AM (#31038462)
Could you maybe explain further?
Re:Ethereum Has Issues by fleddr on Friday April 15, 2022 @07:12AM (#31038836)
How do you get the idea that everyone is getting rich? That's not the case in any market.
Re:Ethereum Has Issues by Etherlord87 on Friday April 15, 2022 @02:02PM (#31043481)
A market enables you to trade more easily. And trade enables you to exchange something you value less for something you value more. That's the value gained. If instead of making a series of barter exchanges like a chain of quests in an RPG game, you can simply sell stuff you produce for money, and buy stuff you want for money, you gain time. Of course markets have their pathologies like speculation, and, it seems to me, unfortunately cryptos are mostly speculation.