Earlier quoted context omitted.
It's funny to watch how these completely illogical arguments gain momentum in crypto community, I start to be suspicious that someone is pushing them on purpose to hype the herd. Gold has superior chemical and physical features, quantum computers are built from gold. One third of the demand comes from jewellery which helps inflate the price, but even without that you hold some of industrial value, just the price woul…
Crypto does have inherent value and that is the ledger. The ledger makes sure that the coins that are with you, are replicated on thousands of nodes across the world without a decentralized entity. A dollar for example just represents itself. You can't easily find out how many dollars actually exist, have been traded or how many dollars will there be. A crypto, on the other hand, is completely transparent. The ledger…
I'm probably late to the party here... but just how many transactions can be handled in current ledgers? I mean... let's say everyone on earth suddenly agreed to use some crypto. You suddenly have lets say 4+ billion people (let's ignore kids) doing transactions per day.. can that be anywhere near supported with any current cryptoscheme?