|
REPORT COPYRIGHT VIOLATION IN REPLY
|
|
Message Subject
|
What actually determines the value of a crypto?
|
|
Poster Handle
|
Anonymous Coward |
|
Post Content
|
Yes I know, it's all "derived value" and as such has no real comparison to something that you can actually pick up and hold in your hand but even the value of those things are based on external factors, supply and demand, rarity value etc.
Good job to the early investors who made a killing but to me they're all ponzi schemes.
Quoting: Mez353 83745373 Fair point, but wasn't the whole point of crypto to create a hedge against inflation, the stock market, and the dollar? Not only have they not provided protection, they're almost perfectly correlated with the dips in our economy. Even gold and silver, the inflation hedge gold standard (no pun) has gone down significantly along with everything else which is strange. No and no. BTC is a beta test implemented by certain agencies. The derived values aren't the units of measure (i.e. 1BTC, 19 ETH, 1900 XRP) but the enclosed system itself. What determines the price, yes algorithm trading....but remember the price fluctuations are based on factors humans can't even begin to imagine. How? One example, many of these systems are set up to promote Machine Learning. Data sets, data queries, images are all valuable to ai interfaces. They are A.I. to A.I. payment systems, Financial Institutions to A.I, Corporations to A.I. You get the drift. The applications are in a nascent stage, thus subject to intense price fluctuations. So is there a place for humans? I guess, that's what the IoV is and what interoperability will allow. Peace.
|
|
|
Please verify you're human:
|
|
|
Reason for copyright violation:
|
