The amount of spuiking to bring money into walking dead man currencies such as BCH and Bitcoin SV is has been phenomenal this goes to point three in the above as reproduced below
(1) Security
(2) Credibility of fixed monetary policy
(3) Liquidity / Lindy Effect / Infrastructure / Ecosystem
(4) Governance / Adaptability / Community / Game Theoretic RobustnessIt has the effect of blinding people to what is really happening basicaly thinking if the price is going up things must be good I better not miss out. In crypto this is a dangerous attitude Crypto is largely unregulated unlike shares where you can use TA to buy and sell without knowing what the company does and not caring what it does.
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- Utility is a red herring, look for organic store of value - Willy Woo
Utility is a red herring, look for organic store of value - Willy Woo, page-18
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