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0 pointsedgyquant4y ago0 comments

1. We still don’t have any proof crypto isn’t just a huge ponzi-like scheme. In fact a lot of them have been shown to basically be just that.

2. There is nothing wrong with “punks” shopping at hot topic, whatever you mean by punk.

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6 comments · 2 top-level

exdsq4y ago· 2 in thread

> 1. We still don’t have any proof crypto isn’t just a huge ponzi-like scheme. In fact a lot of them have been shown to basically be just that.

What would that proof need to look like?

hannasanarion4y ago

A successful venture using cryptocurrencies for anything other than speculation would be a good start.

exdsq4y ago

What about https://www.valiu.com/en?

R0b0t14y ago· 2 in thread

1. Its continued success is proof enough, as people conduct legitimate business with it.

Separate BTC/ETH/XMR/etc from random shitcoins and NFTs.

hannasanarion4y ago

The only "legitimate business" anybody's done with crypto is buying lots of it and hoping the value keeps going up. Nobody is actually using BTC/ETH/XMR/etc to do business or conduct commerce, it's all just speculation.

There is no compelling reason to believe that cryptocurrencies are anything other than digital beanie-babies. At least beanie-babies had inherent value as a toy.

Viliam12344y ago

> The only "legitimate business" anybody's done with crypto is buying lots of it and hoping the value keeps going up.

Yes, and HN kept telling everyone for years not to do that. And the value kept going up.

I wish I had a bitcoin for every "don't buy bitcoin" article that hit HN frontpage...

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