Comment on Please bro
jaennaet@sopuli.xyz 2 months agoRiiight, and how much of that is due to things being in actual “real-world” use, and how much of that is due to speculation?
Comment on Please bro
jaennaet@sopuli.xyz 2 months agoRiiight, and how much of that is due to things being in actual “real-world” use, and how much of that is due to speculation?
Knock_Knock_Lemmy_In@lemmy.world 2 months 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.
MadBigote@lemmy.world 2 months ago
Works, as in what exactly?
Knock_Knock_Lemmy_In@lemmy.world 2 months ago
Works as a publicly shared, immutable, secure database (and small calculation) engine.
MadBigote@lemmy.world 2 months ago
Oh I see. It still consumes a lot of resources, doesn’t It?
merc@sh.itjust.works 2 months 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”?
Knock_Knock_Lemmy_In@lemmy.world 2 months 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.
merc@sh.itjust.works 2 months ago
That doesn’t mean it isn’t a speculative bubble.
Or it doesn’t have mass adoption for the same reason that legacy systems don’t accept payment in tulip bulbs.