/biz/ - Business & Finance

Okay so I'm a finance brainlet and this is my hot take after reading /biz/ for 2 days:

>link is an intermediary service for competing cryptocurrencies that are decades (if ever) from widespread adoption
>which means it's growth is dependent on the adoption of cryptocurrencies, which seems unlikely
>also cryptocurrencies are open sourced
>which means it doesn't stop existing banking/government institutions from adopting said technologies once they've matured
>if and when banking/government institutions does adopt said technology, all existing cryptocurrencies are worthless as they are backed by nothing
>and what happens when all the coins are mined out?
>what incentive does anyone have to keep the network going?

The technology is cool, but it's neither needed or necessary
I guess what I'm saying is investing in anything crypto related is a meme
Also this board is basically juking each other into making terrible financial decisions
Quite frankly you're all faggots

Does this sum it up or should I lurk more?