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by smokey_circles 1460 days ago
ITT: Critics ;)

I think it's disingenuous to call crypto an investment. It would be nice to see some legislation tame the absolutely insane relationship between crypto and fiat.

I like the idea of bitcoin, but until such time as it stops repeating avoidable mistakes tradfi has solved, I'm out.

Distributed, trustless consensus is a wild idea and I hope it finds root in something practical. Dunno if this is a thought about goal or not though. Seems to me that the current interest is building the next big crypto thing.

Also, isn't the idea of making money off of fiat/crypto exchanges kinda anti-thetical to what the cipherpunks were going for? Bitcoin's relationship to the USD is fairly toxic imo

1 comments

There's no fundamentals so it's not strictly an "investment" as the term is usually used in finance. Investments have to trade at some multiple of book value, and book value is zero.