The Bear Case for Crypto
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The Bear Case for Crypto
1–10 of 18 posts
Re: The Bear Case for Crypto
#2mmm it's nice to get multiple perspectives, especially when your investing in internet money ;)
Re: The Bear Case for Crypto
#3tldr
Re: The Bear Case for Crypto
#4I hear cryptocurrency fans defend taking the entire name "crypto" for their hobby because "it's not confusing in context". Here's a headline where it's confusing in context. The business case he leads with is even about cryptography.
Crypto means cryptography. With any luck, it will still mean cryptography after this speculative currency bubble bursts.
Re: The Bear Case for Crypto
#5I hear cryptocurrency fans defend taking the entire name "crypto" for their hobby because "it's not confusing in context". Here's a headline where it's confusing in context. The business case he leads with is even about cryptography. Crypto means cryptography. With any luck, it will still mean cryptography after this speculative currency bubble bursts.
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Re: The Bear Case for Crypto
#6Great article. I agree with almost all of it.
Although I think all this highlights the massive unmet need for high risk investment vehicles. The stock market has become huge, slow moving and boring, where the already-rich make slow gains on top of their existing fortunes. The only companies that bother to IPO anymore are basically pump and dump crap (blue apron, snapchat). Private equity and VCs are snatching all the action for themselves. Why the hell can't I invest in uber? I would take less equity and provide more capital than all their current investors.
The ethereum network now provides everything we need to offer and trade equity - etherdelta has shown that decentralized exchanges based on the ethereum network work. So this really can't be stopped now. It may not occur in USA or China's jurisdiction, but its going to keep happening.
Re: The Bear Case for Crypto
#7Great article. I agree with almost all of it. Although I think all this highlights the massive unmet need for high risk investment vehicles. The stock market has become huge, slow moving and boring, where the already-rich make slow gains on top of their existing fortunes. The only companies that bother to IPO anymore are basically pump and dump crap (blue apron, snapchat). Private equity and VCs are snatching all the…
> It may not occur in USA or China's jurisdiction, but its going to keep happening.
Where will it keep happening?
Re: The Bear Case for Crypto
#8Great article. I agree with almost all of it. Although I think all this highlights the massive unmet need for high risk investment vehicles. The stock market has become huge, slow moving and boring, where the already-rich make slow gains on top of their existing fortunes. The only companies that bother to IPO anymore are basically pump and dump crap (blue apron, snapchat). Private equity and VCs are snatching all the…
> It may not occur in USA or China's jurisdiction, but its going to keep happening. Where will it keep happening?
ICO's will continue to originate from places with relaxed regulatory regimes - Switzerland, the Cayman islands. And people in countries where this type of capital raising is not permitted will find ways around it. KYC is very easy to skip around when the only real contact required is sending ether from one address to another.
I think permissionless offering and trading of securities is the killer app for ethereum.
Re: The Bear Case for Crypto
#9Earlier quoted context omitted.
> It may not occur in USA or China's jurisdiction, but its going to keep happening. Where will it keep happening?
ICO's will continue to originate from places with relaxed regulatory regimes - Switzerland, the Cayman islands. And people in countries where this type of capital raising is not permitted will find ways around it. KYC is very easy to skip around when the only real contact required is sending ether from one address to another. I think permissionless offering and trading of securities is the killer app for ethereum.
So in that case only capital from the elite can flow into cryptocurrencies, but not be used by consumers for transactions?
Edit: Wouldn't the lack of general consumer transactions ruin the economic viability of most tokens? If so, then there is definitely a case for a bear market.
Re: The Bear Case for Crypto
#10Earlier quoted context omitted.
ICO's will continue to originate from places with relaxed regulatory regimes - Switzerland, the Cayman islands. And people in countries where this type of capital raising is not permitted will find ways around it. KYC is very easy to skip around when the only real contact required is sending ether from one address to another. I think permissionless offering and trading of securities is the killer app for ethereum.
So in that case only capital from the elite can flow into cryptocurrencies, but not be used by consumers for transactions? Edit: Wouldn't the lack of general consumer transactions ruin the economic viability of most tokens? If so, then there is definitely a case for a bear market.
>Wouldn't the lack of general consumer transactions ruin the economic viability of most tokens? If so, then there is definitely a case for a bear market.
That argument could apply to many high end and luxury goods, yet there are plenty of companies existing in that sector.