Nearly 10,000 cryptos now, but only ~35 are seeing any action??
- Thread starter Scataphagos
- Start date
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krugman25
Here's a decent list of sub-sectors of cryptocurrency's https://www.coingecko.com/en/categories
The ones generating the most fees right now are active L1's (BTC, ETH), L2's/sidechain/multi-chain bridges, DEX's, borrowing/lending, and derivatives.
The ones generating the most fees right now are active L1's (BTC, ETH), L2's/sidechain/multi-chain bridges, DEX's, borrowing/lending, and derivatives.
Riiiiiiiight, at least it is not $50 like a few weeks ago:
"Bitcoin Average Transaction Fee is at a current level of $18.58, up from $13.41 yesterday and up from $5.954 one year ago. This is a change of 38.63% from yesterday and 212.1% from one year ago."
Like Central banks printing money out of thin air?
No: if the Fed were to buy bonds or stocks by printing money for it, those investments would become assets.
Bitcoin has no backing and no asset.
Bitcoin is the asset. It's used as a token to pay for transactions on the chain.
The FED is auctioning bonds that they re-buy. How does that suddenly make these an asset?
Cannot become Fed who wants.
However, anybody can create a crypto (what is needed is fiat money to pay for its creation as well as influencers, marketing and advertisements). Blockchain is nothing better than a spreadsheet or database: no value there except that people can check for sure their transactions in the database and see how they pay real money for a worthless token.
The real genius is to let believe a worthless token has value.
However, anybody can create a crypto (what is needed is fiat money to pay for its creation as well as influencers, marketing and advertisements). Blockchain is nothing better than a spreadsheet or database: no value there except that people can check for sure their transactions in the database and see how they pay real money for a worthless token.
The real genius is to let believe a worthless token has value.
Utility = Value.
And by the way...who let believe? There is no marketing department.
That is the stupidest shit someone said it here. BTC literally has no utility value anymore (not even the store of value shit) yet it is still the highest valued crypto.
I will correct your equation:
Fad + hope + FOMO + stupidity = value