I know cryptocurrencies have been around for several years, but my position remains that we will see the value of them all go to zero.
-
-
Replying to @HbdNrx
on a long enough timeline the survival rate for everything is zero
1 reply 0 retweets 1 like -
Replying to @basedjohn11
yeah, but what I'm saying is that I think we'll live to see the end of the cryptocurrency fad, and it won't come back
2 replies 0 retweets 0 likes -
Replying to @HbdNrx
there is actual technological innovation in play here, not just arbitrary tokens.
1 reply 0 retweets 0 likes -
Replying to @basedjohn11
Every cryptocurrency can have a functionally identical clone made of it. Yes, each system may be secure internally, but why choose one over
1 reply 0 retweets 0 likes -
Replying to @HbdNrx @basedjohn11
another? 2. There's nothing of actual value represented by the currency. In the case of US dollars, there's the government's ability to
1 reply 0 retweets 0 likes -
Replying to @HbdNrx @basedjohn11
raise taxes backing it up. Gold certificates have gold backing. Cryptocurrencies have nothing
2 replies 0 retweets 1 like -
Replying to @HbdNrx
> Cryptocurrencies have nothing They have the faith of market participants, which is really all those other things have.
1 reply 0 retweets 0 likes -
-
Fiat currency can have value because of that, but it's not the only thing required.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.