[toolz]

Well ignoring the fact that beanie babies still sell for thousands of dollars today, they also never became a countries legally enforce currency (el salvador) or were utilized by the EIB (europes federal reserve equivalent) to issue bonds.

I think you'll struggle to find many comparisons to short-lived hypes with cryptocurrency as a category.

[SketchySeaBeast]

True, but something being new doesn't make it more worthy. The subprime lending catastrophe was due to a novel, very popular, idea and people got rich off that as well at first.

[toolz]

Being worthy doesn't really have anything to do with whether something survives the test of time. That's a different, subjective, argument.

[SketchySeaBeast]

You're right. Worthy was a bad choice. I simply meant that doesn't mean it would turn out to be useful or stand the test of time as being a good investment just like how for the vast vast majority of people beanie babies weren't and still aren't either.

[shkkmo]

> the fact that beanie babies still sell for thousands of dollars today

A few do, most are completely worthless.

That really doesn't make cryptocurrencies look any better.

[toolz]

> That really doesn't make cryptocurrencies look any better.

or any worse.