Crypto’s Final Price Could Be Zero

Re:Crypto’s Final Price Could Be Zero by olalonde on Tuesday November 29, 2022 @11:45AM (#33789844)

Same for USD, EUR, etc.

[ Parent | on HN ]

Re:Crypto’s Final Price Could Be Zero by Eisenstein on Tuesday November 29, 2022 @11:53AM (#33789979)

Correct. People aren't going to lend you money based on a collateral of less money. What is your point?

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Re:Crypto’s Final Price Could Be Zero by olalonde on Tuesday November 29, 2022 @11:58AM (#33790065)

Just pointing out the flaw in NNT's reasoning. Obviously, USD (and EUR, BTC, CAD, etc.) has value despite lacking a cash flow. Essentially, it's worth something because people believe it's worth something.

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Re:Crypto’s Final Price Could Be Zero by TacticalCoder on Tuesday November 29, 2022 @12:27PM (#33790462)

> Obviously, USD (and EUR, BTC, CAD, etc.) has value despite lacking a cash flow. Essentially, it's worth something because people believe it's worth something.

Don't know about that but it seems an accepted fact, even here on HN, that it's worth two digits less than 18 months ago (due to inflation).

Kinda hurts.

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Re:Crypto’s Final Price Could Be Zero by hankchinaski on Thursday December 01, 2022 @07:31AM (#33815373)

bitcoin has failed to satisfy the notion of currency either https://www.fooledbyrandomness.com/BTC-QF.pdf

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