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Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

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Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

#221

Earlier quoted context omitted.

they produce security of distributed decentralized database and continued operation of payment platform on top of it.

There's nothing really produced as there's no product, the software is running a service. Without the service, there is nothing.

And since when have service industries stopped being industries?

Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

#222
post #76

Earlier quoted context omitted.

Now compare total market capitalization of equity markets to Bitcoin. I doubt you could liquidate millions of dollars of bitcoin in a day and not make the market plummet. You can do that in the last 30 minutes of the stock trading day with no very little price fluctuation. There are equities that are up triple digits, including Nvidia...who is realistically the biggest winner in crypto mining.

« I doubt you could liquidate millions of dollars of bitcoin in a day and not make the market plummet. » Wrong. 1.5+ BILLION dollars' worth of bitcoins are sold and bought in aggregate daily on 100+ exchanges: https://coinmarketcap.com/currencies/bitcoin/#markets

That's irrelevant, those aren't single transactions. If you can trade $15 Million in a single transaction in bitcoin without effecting the price, I'll say it's becoming liquid.
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