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Joined 1 year ago
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Cake day: July 24th, 2023

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  • Well you brought GDP as argument, which just doesn’t have anything to do with the price of an asset. If you sell a lot and buy a lot GDP grows, but the price of that asset can still be the same at the end.

    Getting back to your initial argument:

    Since anonymity is a feature, any transactions will increase its value due to it being “used” more

    This is just plain wrong, as I could just make myself rich according to that logic… I still need to have that FIAT-money, need to exchange it (in which case I have driven the price up), but now I have less FIAT, so either I have more FIAT to further drive the price, or well I need to cash out in which case I’ll drive the price down. If I just send crypto from one (anonymous) account to another it just does… nothing to the price…




  • No, because that would be an infinite money glitch, everyone would be rich… (that uses crypto).

    It’s actually very simple basic market-economics, and independently of anonymity, you buy, you’ll drive the price up, you’ll sell, you’ll drive the price down. It’s slightly more complicated, because it involves makers (they set the price at which to sell or buy) and takers (which take the offer by the maker) and psychology (e.g. promotion on youtube to drive the price up) and obviously increasingly algorithms. But in general it’s still demand and supply, anonymity doesn’t have anything to do here apart from being more prone to scams. Take Monero as example one of the most anonym cryptos but still fairly stable (in crypto terms).

    So to drive the price up, you either have to have some kind of good promotion (which at the end is just money from someone else), or a lot of money yourself.