For the longest time, Mozilla was synonymous with the Firefox browser, but for the last few years, Mozilla has started to look beyond Firefox, especially
A lot of people put a lot of money into it and they won’t give them up. They’ll keep buying and selling, keeping it sort of artificially afloat even if it has no real world usage. Well there is actually one which leads me to the next point
The illegal market (and gambling) has a use case for cryptocurrencies so they actually use them
But to put it simply - they don’t die because they don’t have to. There is no single company that would pull the plug. By it’s design, they can coexist in our world and no one can stop it, doesn’t matter if people use it or not
It’s like a torrent with millions of seeders. As long as there is at least one seeder, the torrent will exist even if the files it contains aren’t really useful
And that’s really the thing about cryptocurrency, isn’t it… It doesn’t need to die to stop being useful, it just needs to stop growing in value (because the people investing in it are using it as a speculative asset, not as a serious form of currency - it’s too volatile for that). And unless it keeps on bringing in new people who are willing to purchase tokens at an increasing price, the value won’t increase.
If it was a fad then why does the crypto currency simply doesn’t die? Because I’m waiting on that for some time and nothing really happens.
I’d see 2 reasons:
But to put it simply - they don’t die because they don’t have to. There is no single company that would pull the plug. By it’s design, they can coexist in our world and no one can stop it, doesn’t matter if people use it or not
It’s like a torrent with millions of seeders. As long as there is at least one seeder, the torrent will exist even if the files it contains aren’t really useful
And that’s really the thing about cryptocurrency, isn’t it… It doesn’t need to die to stop being useful, it just needs to stop growing in value (because the people investing in it are using it as a speculative asset, not as a serious form of currency - it’s too volatile for that). And unless it keeps on bringing in new people who are willing to purchase tokens at an increasing price, the value won’t increase.