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I have always struggled to distinguish many so-called crypto-currency schemes from Ponzi schemes but this seem to support my view: RTE news : Bitcoin heading on "road to irrelevance" - ECB
http://www.rte.ie/news/business/2022/1130/1339266-bitcoin-heading-on-road-to-irrelevance-ecb/
It's that story about #sardine #trading in California when sardines became scarce. The traders bid them up and the price of sardines soared. One day a buyer decided to treat himself to an expensive meal and opened a can. He became ill and told the seller the sardines were no good. The seller said, “Yes, but these aren't eating sardines, they're trading sardines.”
That's #crypto to me. There are a hundred tokens out there being traded, but I don't see people using them to buy stuff.