|
|
|
|
|
|
by JustLurking2022
1420 days ago
|
|
|
I've got all the baseball cards I owned as a 10 year old stored in a persistent database too, but that does nothing to give it value. Crypto is purely a case of the greater fool playing out. All the drivel about mixers and zero knowledge proofs is the sales pitch of snake oil salesmen (and people who bought snake oil to a point they feel invested in it's value) - yes, the technology is interesting but it's a solution in search of a problem that there's little evidence isn't already better solved by a regulated financial industry. |
|
|
That's a strawman. I was merely making the point that its existence as information in a persistent database means it's not "imaginary".
As for what confers it with value: that's the market. It has market value, so it is not "monopoly money", regardless of your various theories as to why it shouldn't have value.
>>All the drivel about mixers and zero knowledge proofs is the sales pitch of snake oil salesmen (and people who bought snake oil to a point they feel invested in it's value)
I made factual points about its similarities to cash. Your critique is knee-jerk hostility based on ignorance of the technology and your preconceived notion that it's a scam.