Possibly, but when it's almost impossible to be certain of the value of a thing, as it currently is with crypto, it being a new tech, the supply is less relevant. If for some reason, every long term holder of, say, BTC, sold up and bought, say, whiskey as their new long term investment, BTC would crash in price and whiskey prices would soar. There'd still be the current amount of BTC, but it would have become almost devoid of value.
I've been thinking more about this since posting, and it occurs to me that the cryptos with intrinsic value are those that have added functionality on their blockchain. Those that are merely currencies, as it were, lack that underlying worth, and are reliant on trust... Interesting, I'm probably going to post more of these random musings, thanks for reading, hope you'll take the time to read any further musings. An upvote would be nice too, I'm trying to make some cash to pay uni fees and rent... ;)
Fantastic article. I truly believe that the missing link in cryptocurrency is Monaco as you mentioned. It is the technology gap bridge that is required to enable the world to see that cryptocurrency isn't as scary as they first thought and give them an easy way to see it's uses.
Completely agree. A lot of the misconceptions about crypto stem from lack of exposure to it, once the mechanisms are available for anyone to try out the new technology, the fear of it will vanish and people will be saying "why didn't I do this before..?"
Well, because Monaco didn't exist to enable it, that's why! :D
crypto cant be speculation when it is backed by a total supply, thanks for the post !
Possibly, but when it's almost impossible to be certain of the value of a thing, as it currently is with crypto, it being a new tech, the supply is less relevant. If for some reason, every long term holder of, say, BTC, sold up and bought, say, whiskey as their new long term investment, BTC would crash in price and whiskey prices would soar. There'd still be the current amount of BTC, but it would have become almost devoid of value.
I've been thinking more about this since posting, and it occurs to me that the cryptos with intrinsic value are those that have added functionality on their blockchain. Those that are merely currencies, as it were, lack that underlying worth, and are reliant on trust... Interesting, I'm probably going to post more of these random musings, thanks for reading, hope you'll take the time to read any further musings. An upvote would be nice too, I'm trying to make some cash to pay uni fees and rent... ;)
dang nice comment man! Thanks for the effort, yes I understand you point it makes sense. I like the perspective you have haha.
Fantastic article. I truly believe that the missing link in cryptocurrency is Monaco as you mentioned. It is the technology gap bridge that is required to enable the world to see that cryptocurrency isn't as scary as they first thought and give them an easy way to see it's uses.
Great work!
Completely agree. A lot of the misconceptions about crypto stem from lack of exposure to it, once the mechanisms are available for anyone to try out the new technology, the fear of it will vanish and people will be saying "why didn't I do this before..?"
Well, because Monaco didn't exist to enable it, that's why! :D