/biz/ - Business & Finance

>>14120268
Yeah lets see what happens to the price when it gets dropped by every exchange except tradeogre

>every coin has bounced up except mine

>>7244731
A world currency that's not technically controlled by any central authority can have value. (I get that BTC and others might not fit the bill since some early adopters hold a disproportionate amount, but I like the concept.) Privacy coins are good, but all coins currency coins should be privacy coins, it shouldn't be a niche, it should be the default.

I also like the concept of decentralized computations, so >>7244408 's post explained at least why platform coins can have value. I don't fully see why they wouldn't be able to simply charge customer's fiat and pay miners/node operators/etc. the traditional way instead of creating crowdfunded tokens though.

So in most cases, crypto's are used as scrip/non-cash vouchers to pay the people who give processing power or bandwidth to maintain the network. Unless I'm misunderstanding it, I get that part now.


>>7244911
>Don't conflate Normie hype, new token every day bullshit, with the actual tech that drives it all
I like the tech, what I didn't understand is what I was getting from buying cryptos whose main goal wasn't to be a general or specific purpose currency. For exemple, if I like cars, I could either buy a car, or shares in a car company, but cryptos seemed to me to be the equivalent of buying a picture or even a more abstract representation of a car that doesn't have a true elation from the actual product, like a car souvenir.

>>7244955
>They're all just Chuck E Cheese tokens.
A lot of them still do seem to be.