Comment on Please bro

• Knock_Knock_Lemmy_In@lemmy.world ⁨15⁩ ⁨hours⁩ ago

  crypto was the previous shiny new toy until it dint work

  The market cap of crypto is currently at all time highs.

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  • jaennaet@sopuli.xyz ⁨13⁩ ⁨hours⁩ ago

    Riiight, and how much of that is due to things being in actual “real-world” use, and how much of that is due to speculation?

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    • Knock_Knock_Lemmy_In@lemmy.world ⁨11⁩ ⁨hours⁩ ago

      Oh yes. A huge amount of speculation. Just like NVDA.

      My point is that you can say a lot of negative things about crypto, but you can’t say it doesn’t work. It definitely works.

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      • MadBigote@lemmy.world ⁨4⁩ ⁨hours⁩ ago

        Works, as in what exactly?

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  • Mika@sopuli.xyz ⁨15⁩ ⁨hours⁩ ago

    I own crypto because I believe in idea of decentralised money, but I acknowledge that current solutions are just all bad in one way or another. If fiat disappeared tomorrow and everyone would be forced to use crypto daily, it would be a shitshow.

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    • Knock_Knock_Lemmy_In@lemmy.world ⁨11⁩ ⁨hours⁩ ago

      From an end UI perspective, certainly.

      But if SWIFT was suddenly replaced by a blockchain technology then the world wouldn’t even blink.

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      • Mika@sopuli.xyz ⁨6⁩ ⁨hours⁩ ago

        You kidding? How many transactions per second bitcoin blockchain can do?

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• prosecute_traitors@lemmy.world ⁨14⁩ ⁨hours⁩ ago

  Everybody knows market cap is directly proportional to real world value and usefulness.

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  • echodot@feddit.uk ⁨12⁩ ⁨hours⁩ ago

    There is always someone who reckons they can get something from nothing. Also long as they exist the bubbles will continue

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