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>> Blockchain is probably the most useless technology ever invented so useless there is almost $3 Trillion of value on blockchains.
by domatic1 1y ago
>> Blockchain is probably the most useless technology ever invented
so useless there is almost $3 Trillion of value on blockchains.
- unbalancedevh 1y agoUnfortunately, the amount of money invested in something isn't indicative of it's utility. For example: the tulip mania, beanie babies, NFTs, etc.
- sumeno 1y agoNo there isn't. These ridiculous numbers are made up by taking the last price a coin sold for and multiplying it by all coins. If I create a shitcoin with 1 trillion coins and then sell one to a friend for $1 I've suddenly created a coin with $1 trillion in "value"
- fylo 1y agoI'm not sure the 3 trillion includes shit coin valuations. Typically volume and liquidity are factored in for any serious analysis. Your assessment of valuation is probably just as true for traditional currencies and stocks. I guess the main difference is regulation.
- iammrpayments 1y agoGood luck with the SEC when you open your exchange
- sumeno 1y agoIt's 2025, financial crimes are legal
- michaelscott 1y ago3 trillion is just the top 5 or 6
- deleted 1y ago[deleted]