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by Goladus
3082 days ago
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No, because they have intrinsic value as a commodity. That doesn't make them immune to pump-and-dump schemes, but it means you can still trade them on a basis other than their USD market value. For example, you can buy gold to make jewelry that is sold in stores and worn in public. Precious metals also have a very, very long history of being used for currency and as a store of value. No blockchain-based technology has been able to demonstrate anything close to this sort of intrinsic value. The claims of being an alternative currency have not been fulfilled and show no sign of improving. What they call a "scaling problem" looks unsolvable to me. |
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