[pavlov]

I don't know. Market makers for stocks at least have real utility. If I own 10,000 shares of $some_actual_company and want to sell it to buy a house, it's good that there's someone who's constantly pricing the stock.

In small European stock exchanges without HFT actors, buy/sell spreads on individual stocks can get large and daily volume very small, so you need to do more planning around any trade that's larger than "retail nickles". This is not great for attracting investors to these stocks, even if the companies are worthy.

But in crypto, there's no underlying value. There are no worthy companies who deserve more investor attention, no tokens that should be in anyone's long-term portfolio for any reason but FOMO. It's a 24/7 nothingburger outlet.

[basch]

>There's no underlying value. It's a 24/7 nothingburger outlet.

That's not really true. It may not be everyone's cup of tea, and speculation may be driving most of price, but these are real tech products. Ethereum, Cardano, Avalanche, Solana are decentralized computing platforms, with utility. Uniswap, Aave are exchange platforms, that allow people to swap currency real time.

They may not be VMWare, Rackspace, JPMorgan Western Union or Moneygram, but they are real companies, with real products, that offer real services.

As of 2021, Allianz, Deutsche Telekom, Intel and Cisco are four stocks where investors that bought at the Dotcom Bubble peak never broke even. Maybe Ethereum, Cardano, Avalanche, Solana are far above their actual potential value, but it doesnt mean they are worth 0.

https://www.coingecko.com/en/categories/smart-contract-platf... https://www.coingecko.com/en/categories/decentralized-financ...

[colesantiago]

> That's not really true. It may not be everyone's cup of tea, and speculation may be driving most of price, but these are real tech products. Ethereum, Cardano, Avalanche, Solana are decentralized computing platforms, with utility. Uniswap, Aave are exchange platforms, that allow people to swap currency real time.

That is still speculation and most of the existing financial system can do payments (the supposed original use case) already.

Take a look at UPI, Pix, etc. A safer, faster and better future of payments is already being built and used to the tune of hundreds of millions of real people. And it is not a complete pyramid scheme.

That cannot be said for crypto, nobody is using it for anything other than speculation, crime and ransomware.

[basch]

Youre conflating currency with the non currency parts.

[colesantiago]

The examples I listed are still better solutions than crypto and are in use by millions of real people, currency or no currency.