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A comment on Mass Layoffs and Absentee Bosses Create a Morale Crisis at Meta. Parent comment

Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by beambot on Wednesday April 12, 2023 @01:24PM (#35543340)
> But now we see that crypto was indeed bullshit all along.

Just looked it up. Between BTC, ETH & top stablecoins, crypto has $900B+ market cap and $60B+ in 24-hour volume. I'm not saying your conclusions are wrong (though I disagree), just that you're calling the game "over" at the end of the first quarter based on one hype-cycle. I remember people doing something similar in the dotcom bust: "WWW is dead."

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Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by EduardoBautista on Wednesday April 12, 2023 @01:51PM (#35543805)
There have been multiple hype cycles for crypto. In over a decade, I have yet to see something priced in cryptocurrency. Pricing something in dollars and then converting that amount in cryptocurrency for the next 15 minutes is still a dependence on government backed currency.
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Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by beambot on Wednesday April 12, 2023 @05:15PM (#35547060)
Contrary to some peoples' understanding, replacing fiat currency for everyday purposes isn't the only viable application of crypto.

As one example: There are already banks that use XRP as the international settlement medium. You'll also see a lot of conversation right now about central bank digital currencies (CBDC) that could plausibly utilize crypto in some fashion.

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Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by CRConrad on Monday April 17, 2023 @10:23AM (#35601153)
> replacing fiat currency for everyday purposes isn't the only viable application of crypto.

Stop it with the fake juxtaposition. Crypto is just as “fiat” as any other currency, including gold.

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Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by CRConrad on Monday April 17, 2023 @10:21AM (#35601124)
> crypto has $900B+ market cap

So more of a speculative investment asset than a currency, then?

Currencies aren't usually said to have a “market cap”. Investment assets – i.e, shit stocks – do.

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