Comment on Please bro

• Knock_Knock_Lemmy_In@lemmy.world ⁨1⁩ ⁨month⁩ 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.

  source

  • MadBigote@lemmy.world ⁨1⁩ ⁨month⁩ ago

    Works, as in what exactly?

    source

    • Knock_Knock_Lemmy_In@lemmy.world ⁨1⁩ ⁨month⁩ ago

      Works as a publicly shared, immutable, secure database (and small calculation) engine.

      source

      • MadBigote@lemmy.world ⁨1⁩ ⁨month⁩ ago

        Oh I see. It still consumes a lot of resources, doesn’t It?

        source

        • -> View More Comments
  • merc@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

    It doesn’t work as a currency. It “works” as a speculative investment in that the bubble hasn’t yet popped.

    But, what if the bubble doesn’t actually pop, and the prices remain at the current levels, more or less, for another couple of decades. If that happens, will cryptocurrencies be seen to “work”?

    source

    • Knock_Knock_Lemmy_In@lemmy.world ⁨1⁩ ⁨month⁩ ago

      I think i made a mistake by using the market cap as evidence that it works, because this just shows people believe it is valuable. Not that it works.

      What I mean is that the technology is mature and adopted by a large number of independent users. However, it doesn’t yet have mass adoption because the user experience is not yet seamlessly integrated into legacy systems.

      source

      • merc@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

        What I mean is that the technology is mature and adopted by a large number of independent users

        That doesn’t mean it isn’t a speculative bubble.

        it doesn’t yet have mass adoption because the user experience is not yet seamlessly integrated into legacy systems

        Or it doesn’t have mass adoption for the same reason that legacy systems don’t accept payment in tulip bulbs.

        source

        • -> View More Comments