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How can you possibly say it has no fundamentals? Here are some use cases that give it a non-zero value: It competes with Western Union for money transfers. I
by heliodor 2y ago
How can you possibly say it has no fundamentals?
Here are some use cases that give it a non-zero value:
It competes with Western Union for money transfers.
It provides ways to transfer money to places and for things the US government doesn't approve of.
- crazygringo 2y agoThose are uses. They aren't fundamentals, e.g.: https://en.wikipedia.org/wiki/Fundamental_analysis https://en.wikipedia.org/wiki/Fundamental_analysis Money transfers aren't setting the value of crypto. They don't meaningfully affect the supply and demand, since the goal of a transfer is generally to hold the crypto for as short of a period as possible, to minimize price fluctuation risk -- so supply and demand are balanced without changing the price.
- wat10000 2y agoThat’s circular. Those use cases only work if it has value. If they’re the only reason it has value in the first place then it’s a house of cards.
- louthy 2y ago> It provides ways to transfer money to places and for things the US government doesn't approve of. You can just say “facilitates crime”, it’s easier and isn’t doublespeak