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0 pointsunityByFreedom3y ago0 comments

> In this case the damage will be limited to a bunch crypto companies. The issue before was it hit companies we relied on for things like mortgages and current accounts. Crypto companies can just be allowed to fail and no one except their users will be effected.

I don't buy the argument that crypto lives in a vacuum. People valuing that asset are part of the global economy.

The question is, is crypto really as valuable as the crypto exchange markets claim, and do companies assign face value to these assets, or do they account for the amount of risk they deserve?

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LatteLazy3y ago

At the risk of getting semantic...

Value is not a single concept. The value of something to me is different to to you. And for both of us it changes over time. Value cannot really be defined, let alone measured.

So we are stuck with prices. And prices are sort of connected to value. But the connection is very non linear.

We can know the price of crypto (or gold or shares or credit default swaps). But it's value is purely a matter of personal taste...

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