Comment by lottin
4 months ago
The question is: what makes a cryptocoin legitimate, in your opinion, considering that 'ilegitimate' memecoins are usually just a copy-paste version of a supposedly 'legitimate' cryptocoin?
4 months ago
The question is: what makes a cryptocoin legitimate, in your opinion, considering that 'ilegitimate' memecoins are usually just a copy-paste version of a supposedly 'legitimate' cryptocoin?
If people are using them outside of speculation then I'd consider that legitimate. I'll concede that most of the market cap of cryptocurrencies is from speculation but at least Bitcoin, Ethereum, and a few other coins have use cases outside of that and for that reason, they will at the very least have some value even if that value is much closer to 0 than to what it is currently.