> Although you may disagree with the current value of most cryptocurrencies
I would like to clarify something. I didn't say I disagreed with the value of cryptocurrencies (that is, its value in dollars). I said I find their societal cost way too high. In other terms, (Inherent Value of crypto < Societal Costs of crypto).
> would you at least agree that their inhenrant value isn't 0?
I agree with that. Although my previous answer stated "I don't see tangible value in crypto" I suppressed the paragraph that said that crypto may have some inherent value when it comes down to international transactions (or transactions in general). If international transactions in crypto are cheaper than with banks, clearly those who want to make these transactions do see some inherent value in the currency. That is, its value would emerge from its transaction properties.
I did suppress the paragraph because I just don't know enough about the fees of such transactions. I think it is reasonable to expect Banks and Financial entities to offer transaction fees lower than Crypto for all use cases. If that happened, then I just don't see any value in crypto whatsoever.
I have said it a few times on HN: I see more potential into a "Crypto Dollar" than in crypto in general.
I would like to clarify something. I didn't say I disagreed with the value of cryptocurrencies (that is, its value in dollars). I said I find their societal cost way too high. In other terms, (Inherent Value of crypto < Societal Costs of crypto).
> would you at least agree that their inhenrant value isn't 0?
I agree with that. Although my previous answer stated "I don't see tangible value in crypto" I suppressed the paragraph that said that crypto may have some inherent value when it comes down to international transactions (or transactions in general). If international transactions in crypto are cheaper than with banks, clearly those who want to make these transactions do see some inherent value in the currency. That is, its value would emerge from its transaction properties.
I did suppress the paragraph because I just don't know enough about the fees of such transactions. I think it is reasonable to expect Banks and Financial entities to offer transaction fees lower than Crypto for all use cases. If that happened, then I just don't see any value in crypto whatsoever.
I have said it a few times on HN: I see more potential into a "Crypto Dollar" than in crypto in general.