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What’s next for Mozilla?
(techcrunch.com)
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this post was submitted on 05 Jan 2024
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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.