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by roenxi 1067 days ago
By now it has also been proven "crypto" isn't a bubble. It has been more than a decade of, for this sort of experimental asset class, pretty steady growth. The market is still there after central banks abandoned zero interest rates. Crypto has proven more resilient than the Tech startups (their bank went bankrupt and needed a bailout) and Credit Suisse.

This isn't a bubble, by this point it is a market for middleman-resistant bookkeeping. It'll be the same as gold, we've had people claiming gold is worthless for all of recorded history and it keeps on going.
2 comments
LegitShady 1067 days ago
>By now it has also been proven "crypto" isn't a bubble. I

It's not a bubble it's a set of scams whose primary value is in allowing bad actors be they oppressive governments or criminal groups to move money around bypassing embargoes and bans. On top of that we also get a new scam bubble every little bit so that we can point and say "see that one isn't a scam" until it turns out it is, or its being used to send money to north Korea or Iran or whatever.

It's not one scam it's a series of scams. It's not useless it also allows large scale financial crimes. It's amazing!

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AnonHP 1067 days ago
It’s hard to say what’s a long lasting bubble and what’s not until a lot of time has passed. I think one decade is not enough. I also believe that most of the cryptocurrencies (among the thousands of them) don’t live up to the main claims for cryptocurrencies. Perhaps Bitcoin and Monero (and projects very similar to Monero) will stand the test of time. And maybe Ethereum too. Of course, there will be new ones in the future, but most of the current ones…I wouldn’t bet that they aren’t bubbles.
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