/biz/ - Business & Finance

>>55243658
>ETH is definitely a security too, but it's too big to fail.
If the value of Ethereum goes to zero tomorrow, what actually occurs? What industries fail as a result? What jobs are lost? What homes are repossessed? Who goes into spiralling poverty as a result of Ethereum going to zero? The concept of "too big to fail" belongs to companies who have such a stranglegrip on society that their collapse would lead to chaos (And in such a case, the government would directly possess or gibs). Ethereum has no inherent value or use outside of a niche crypto space where it is used a speculative asset. It's collapsed would go virtually un-noticed by the rest of the civilised world.