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Re:No Bitcoin ETFs at Vanguard by niij on Sunday January 26, 2025 @01:34PM (#42832542)
There's a potential for them to produce value. Not the case with crypto.
Re:No Bitcoin ETFs at Vanguard by bornfreddy on Sunday January 26, 2025 @02:35PM (#42833219)
Ability to send vale across the world, to anywhere, for relatively low fees, could count as providing value, don't you think? A lot of people do.

Bitcoin got labeled just a "store of value", but with Bitcoin Lightning it can be used for low fee payments too.

Pity about mining though, I wish they followed Ethereum into staking. It doesn't matter how much value you provide if you burn the planet along the way.

Re:No Bitcoin ETFs at Vanguard by jayd16 on Sunday January 26, 2025 @03:35PM (#42833803)
If it's working as intended then there's no point in holding on to the crypto itself as there should be a race to the bottom to keep fees low. By investing in crypto as a technology you're hoping that the technology becomes popular but remains expensive.
Re:No Bitcoin ETFs at Vanguard by everfree on Sunday January 26, 2025 @01:39PM (#42832607)
Blockchains can potentially produce value by receiving transaction fees and burning them. This is similar in some ways to a stock buyback.

Both Ethereum and Solana are currently coded to do this, though AFAIK neither of them are currently cash-positive due to their burned fees not being enough to offset issuance yet.

Re:No Bitcoin ETFs at Vanguard by LudwigNagasena on Sunday January 26, 2025 @01:45PM (#42832671)
Being a store of value and a medium of exchange provides value by itself.
Re:No Bitcoin ETFs at Vanguard by globular-toast on Sunday January 26, 2025 @02:21PM (#42833059)
Yeah but that's the network, not the Bitcoin itself. Money as a system is valuable but that doesn't mean it's worth holding cash.