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by microtherion 3344 days ago
> crypto's fantastic investment value

True, many crypto currencies are rapidly increasing in value (because of built in scarcity effects, and investor interest). But that very speculative attractiveness makes them quite unsuited as currency (because their value is unstable and generally deflationary). So you're left with a "commodity" that is unsuitable for anything but speculation. Those kinds of stories usually don't tend to end well.

1 comments

You're right, it's a vehicle for speculation now. And when the tech matures and the price steadies, it will be, at the very least, a new store of value for diversifying wealth with, akin to bullion.

That is valuable to me and a lot of other people. Until that time comes, I'm happy to embrace the risk of early adoption and the many thousands of dollars it's made for me already.