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I admit I am being flippant when I call it "all" a ponzi. But whenever a new crypto product popped up, I asked every time: What is the value of this, besides bankers trying to make money from it? Like a new company that does something cool, that's something investors can into before it grows, and it grows because it.. well, does something cool. People like it, and want that product.
Besides bitcoin, not a single thing has offered that. Selling tickets using NFT instead of just tickets is pointless. Selling art where everyone has access to the original JPG is pointless. Having running shoes that track your fitness is cool, but tying it to crypto is pointless. Video games trying to stuff crypto in the game is pointless. It's all "money to make money" and that crashes 100%. It's not even tulips, it's literally nothing but people making money off each other.
Litecoin and ETH were useful because they gave people at home a way to mine - for bitcoin! So they lasted longer
I've said from the beginning that if someone comes up with a way to make actual use of what crypto can offer, I would be into it. So far it's just bitcoin. I'd probably hear about it too late to make any money from it as an investor, but whatever. But if you see something cool and actually useful enough that it won't be rejected from mainstream - there's your hit, right there. The rest of this stuff is just bankers trading money with other bankers. It's always going to be pointless in the end.
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