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A comment on USD 4.27B stolen in 2022 in Web3/crypto hacks and scams. Parent comment

Re:USD 4.27B stolen in 2022 in Web3/crypto hacks and scams by hurril on Tuesday January 03, 2023 @02:51PM (#34237032)
Growth is a little bit of a weasel word here though and you'll be well advised to research the difference between multiple expansion and underlying growth.

In the world of stock, we don't like multiple expansion as it's a sign that prices go up on grounds that are hard to reason about. Things going up without reason tend to come down for the same reasons.

Crypto has _zero_ growth. Crypto companies, however, that's a different story.

But sure, I'm sure you'll be right about what you perceive to be growth. There are still millions of gullible and half smart people waiting to get on board.

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Re:USD 4.27B stolen in 2022 in Web3/crypto hacks and scams by RestlessMind on Tuesday January 03, 2023 @07:36PM (#34240225)
To me, price increase is a good proxy for growth and I believe in both BTC and ETH to appreciate more than S&P500 over the next 10 years.
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Re:USD 4.27B stolen in 2022 in Web3/crypto hacks and scams by hurril on Wednesday January 04, 2023 @05:17AM (#34243981)
Why is it a good proxy for growth? What do you base that on?

Are you familiar with the term Deflationary Asset?

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Re:USD 4.27B stolen in 2022 in Web3/crypto hacks and scams by RestlessMind on Wednesday January 04, 2023 @03:59PM (#34251485)
> Why is it a good proxy for growth? What do you base that on?

Because buyers are valuing them more and more and not just in words but by actually with their money?

> Are you familiar with the term Deflationary Asset?

Yes. I also believe BTC will outperform gold over the next 10 years (both of those are deflationary assets).

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Re:USD 4.27B stolen in 2022 in Web3/crypto hacks and scams by hurril on Friday January 06, 2023 @12:05PM (#34277404)
Right. They are paying more for the same thing. This is inflation and it's not something we like. You get less BTC for your money.

Where is the growth?

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Re:USD 4.27B stolen in 2022 in Web3/crypto hacks and scams by RestlessMind on Monday January 09, 2023 @12:05AM (#34306976)
> You get less BTC for your money.

Or, you get more USD for your BTC.

> Where is the growth?

In the amount of USD one can purchase with their bitcoins? Literally, that's what this whole subthread is about where someone used their long held bitcoin to do a downpayment. The growth in USD price of a bitcoin is what helped them do that.

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