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A comment on FTX’s financial black hole leaves Binance balking at rescue plan. Parent comment

Re:FTX’s financial black hole leaves Binance balking at resc... by spaceman_2020 on Wednesday November 09, 2022 @04:36PM (#33538232)
Again, the speculative value of cryptocurrencies is largely built on the belief that the dApps built on top of the network will have enough usage and revenues to justify the current valuations.

If you look at the revenues generated by OpenSea or Uniswap or Compound, it's not exactly an outlandish idea.

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Re:FTX’s financial black hole leaves Binance balking at resc... by quickthrowman on Wednesday November 09, 2022 @05:11PM (#33538719)
The speculative value of cryptocurrency is based on nothing more than the greater fool theory. ETH isn’t down 75% YTD because of discounted dApp cash flows, let’s be realistic here.
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