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A comment on Cryptocurrencies add nothing useful to society, says chip-maker Nvidia. Parent comment

Re:Cryptocurrencies add nothing useful to society, says chip... by AviationAtom on Sunday March 26, 2023 @06:20PM (#35320259)
That's the problem with many hyped assets: they're only profitable in the short term if you buy in before the pump, and sell before the dump.

I still believe Ethereum is poised for a fair amount of growth in the long-term, though likely nothing near the rise it's enjoyed in it's last run. I say that only because it's an on-ramp to so many other cryptocurrencies.

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Re:Cryptocurrencies add nothing useful to society, says chip... by anonymouskimmer on Sunday March 26, 2023 @06:34PM (#35320403)
For those with enough Eth to stake, Ethereum has the bonus that so many stocks due: perpetual dividends. Unlike stocks Ethereum, as a whole, doesn't have a liquidation value. The dividends are it. And your particular share of the pie can be constantly diluted by further stakes. Is a vote required to allow further stakes? Or can anyone stake if they meet criteria?

This strikes me more like a buyer's club than a stock.

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