Re:Is Crypto Dead?
by D13Fd on Sunday January 22, 2023 @11:49PM
(#34485594)
Except gold has intrinsic value, and cryptocurrency has none.
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Re:Is Crypto Dead?
by RestlessMind on Monday January 23, 2023 @02:26PM
(#34493670)
> gold has intrinsic value
Gold market cap is >12T$, which is nowhere close to its actual intrinsic value. A lot of that market cap is due to the collective myth we have bought into that Gold is a store of value.
If you don't see that, then probably you also won't be able to see the usecase of BTC. Moreover, if you do not see a need for a store of value in general (which is totally based on collective myths and less so on actual intrinsic values), then you are probably in a cute bubble somewhere.