News for hackers. Stuff that matters.

A comment on I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To. Parent comment

Re:I Looked into 34 Top Real-World Blockchain Projects So Yo... by 2muchcoffeeman on Saturday July 30, 2022 @10:02PM (#32292470)
I don't think it's reasonable to think about it in such a simplistic way.

BTC has been subject to massive swings. Just looking at CoinDesk, it was easy to find a time where it doubled in value in less than a month. Why would any reasonable person spend that sort asset?

I think the dynamics of the market are as important as the technical features that some digital currency has.

[ Parent | on HN ]
Re:I Looked into 34 Top Real-World Blockchain Projects So Yo... by hnthrow1010 on Sunday July 31, 2022 @12:38AM (#32293222)
But for the average crypto investor who isn't a whale and isn't insider trading on the whales, the dynamics of the market are effectively just random. This isn't like a stock where you can objectively look at the company, compare it to other companies and understand how it derives profit. It can't work either as a currency or as a reliable investment.
[ Parent | on HN ]