[smt88]

> Just because some cryptos goes to zero doesn’t mean all crypto has zero value.

That's true. Crypto has zero value because it has no utility. It's like a Pokemon card: it only has value if people have assigned value to it. You can't make anything with it, and it doesn't give you any legal right to a future cash flow (like a stock or a promissory note does).

Let me predict your response: "The same is true of fiat!"

Yes, true. Fiat currency can also drop to $0 in value, of course. But no one is pretending otherwise, and fiat currency is heavily manipulated by central banks to avoid large peaks and valleys (which works in some countries and not in others).

The problem with crypto is not that it's imaginary money. It's that its supporters pretend otherwise.

[rvz]

> That's true. Crypto has zero value because it has no utility.

So is that why Stripe, Moneygram, Skiff, Namecheap, TransferGo, Porkbun, FIDE World Chess, etc are still using cryptocurrencies or blockchain? Maybe they chose the ones that are useful and ignored the low effort scam tokens?

I don't think very absolute statements work well these days.

[pontifier]

Pokemon cards at least have some nostalgic value. You could even burn one to release a small amount of stored chemical energy.

[PretzelPirate]

> You can't make anything with it

There are blockchains that exist to provide utility by enabling execution of decentralized applications. Not all blockchains are focused on just payments. You may think that decentralized applications don’t provide utility, but that would be a personal view, not an objective fact.

[smt88]

"dApps" or whatever they're called are a ghost town. None currently exist that are truly decentralized or have a value greater than traditional applications.

Decentralization is also possible and functions better with tokens (e.g. Bittorrent).

[zer01]

There’s a pretty clear logical contradiction in claiming definitively that no protocols are actually decentralized or work better than their centralized counterparts in crypto world while also signaling that you’re so unfamiliar with it that you barely know what a dApp is.

[smt88]

I know what a dApp is and have built one on Ethereum. I don't know what the new fad for describing the benefit of crypto is.

People only talk about DeFi now, and dApps may have rebranded as Web3.

[adra]

There's very little value arguing with true believers. When they're finally broke and pushed into the next scheme to rob their money away, they'll finally admit that they knew it was bogus all along and that their involvement was just for the lolz. These people are not worth your time.