Coinbase cuts staff by a further 20%

Re:Coinbase cuts staff by a further 20% by lottin on Tuesday January 10, 2023 @08:36AM (#34324630)

This is to say that if demand outpaces supply, price is going to go up. However, this is true of any asset. So why mention specifically 'crypto', as if there was something magical about 'crypto' that means it's bound to go up?

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Re:Coinbase cuts staff by a further 20% by danuker on Tuesday January 10, 2023 @09:45AM (#34325566)

My point is yes, it is true of any asset. You might as well own cans of beans. But the purpose is to stave off the effects of monetary expansion while staying liquid. Cryptocurrency is in a special niche in that parameter space.

While other assets are bound to provide long-term returns greater than inflation (for example, stocks and bonds [1]), cryptocurrency can not surpass inflation long-term, but it still does so while demand is growing. In addition, even after it reaches a stable demand (which I reckon will be in 5-10 years, with market saturation), it will be a means of diversification (like gold is currently).

[1] - https://totalrealreturns.com/

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Re:Coinbase cuts staff by a further 20% by nxmnxm99 on Tuesday January 10, 2023 @11:46AM (#34327588)

Except gold has value. Crypto does not.

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Re:Coinbase cuts staff by a further 20% by lottin on Tuesday January 10, 2023 @12:12PM (#34328064)

I don't think I'm following you. You're using technical terms such as 'parameter space' in the wrong context. Maybe you want to sound clever, but you aren't making a lot of sense.

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