this post was submitted on 07 Aug 2023
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ah you're right, a single apple stock has only going up 5800 dollars in the past 40 years, which really shows you just how insane and unregulated crypto is
Insane? Yes. Unregulated, also yes. But if you remove the specific issues with bitcoin itself (like that it’s almost entirely used for speculation so far) and just look at the numbers you can see it’s not out of line for a brand new medium of exchange that starts trading at essentially zero but has the theoretical potential to be a major currency in world trade to have an almost unfathomable upside.
Mcap at launch: basically zero
“Mcap” of world trade: trillions (quadrillions?)
If you can do better, then do better; it's FOSS! Many others have also thought to simply eliminate that pesky price discovery phase.
Totally