28
you are viewing a single comment's thread
view the rest of the comments
[-] LetsGOikz@lemmy.ml 3 points 1 year ago

Going from $20 to $30000 clearly shows it has value

It has increased in price due to artificial scarcity and speculation, not on its merits as a payment system or technology. Even most dedicated crypto traders these days don't even try to pretend that the price is tied to it's underlying value as a system, they are well aware that the price is largely tied to being traded as a speculative asset. Price does not inherently correlate to underlying value, especially since I was never talking about monetary value to begin with and you bringing this up distracts from my point that it provides no additional broad systemic value as a platform.

this post was submitted on 07 Jul 2023
28 points (67.5% liked)

Technology

59197 readers
918 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS