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by glofish 1310 days ago
This is a great point - crypto will have utility.

But for whom? What how much is that utility really worth? And what kind of utility? That is what keeps shifting and what all the pro-contra propaganda is about.

In fact the bitcoin could even have negative utility, where getting someone stuck holding bitcoin is good for someone else.

Imagine that ... not just that bitcoin goes to zero, but could go into negative even!

1 comments

The net present value of Bitcoin is likely negative, as there's substantial cost (billions of dollars per year depending on the current price of BTC) in maintaining the mining infrastructure that makes the network happen.