[PaulHoule]

Crypto prices haven't crashed enough to really discourage people.

For instance those bored apes are trading at about the same in ETH that they were trading at in April. Now ETH is down significantly since then, but you're not going to see tax loss harvesting until other assets are doing well and people have capital gains to write off.

[matthewmcneely]

I think it (price deflation) has definitely discouraged many.

But back to my point, we only ever seem to talk about crypto from "how much is it worth compared to a dollar?" When did the utility of an alternate currency take the backseat, and how long must it stay there? (he asked rhetorically)...