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by marcosdumay 479 days ago
Being used as money creates value.

So, to see if cryptocurrency is a pyramid or not, just look at how much is transacted compared to its total value...

Or don't, because you already know the result. But it's not inconceivable for a cryptocurrency to create value. It's just that nobody did one that does it yet, and the culture around them makes it less and less likely as time passes.

1 comments

I don't think cryptocurrency in its current state could realistically work as currency though, because it's deflationary in nature. For the same reason we don't use gold or silver as currency anymore.