News for hackers. Stuff that matters.

A comment on Mass of Transactions Leaving Crypto.com Wallets. Parent comment

Re:Mass of Transactions Leaving Crypto.com Wallets by dmix on Monday November 14, 2022 @04:33AM (#33591834)
Market corrections are often a good thing. It'd be good for crypto to realign with the actual value it provides so capital centers on things that actually provide value!

That's the only way it will grow.

Betting on investors risk tolerance for cryptos success is a losers game long-term. At least from a technologist perspective. From a finance perspective there's plenty of money to be made if you aren't left holding the cards.

[ Parent | on HN ]
Re:Mass of Transactions Leaving Crypto.com Wallets by rwmj on Monday November 14, 2022 @04:50AM (#33591929)
> It'd be good for crypto to realign with the actual value it provides

It earns nothing so that's near zero. (Not quite zero because apparently you can use it to buy drugs or avoid export controls)

[ Parent | on HN ]
Re:Mass of Transactions Leaving Crypto.com Wallets by csomar on Monday November 14, 2022 @04:55AM (#33591960)
The drug market is estimated at 2 Trillions. I don't know, though, about export controls. That being said, I think the level that crypto is being used for money laundering or drugs is really minimal.
[ Parent | on HN ]