>>60792130
I mean, I could go on.
Crypto fundamentally is growth and speculation. There is no balance sheet or financials to look at to determine if a crypto is undervalued aka the thing SEC did for the stock market in the 1930s.
Does Chainlink make millions or billions a year? What is their cost of revenue? We will never actually know because there is no legally obligated financial report to look at.
And even if there was: it's all currency. The financial health of the Ethereum foundation, Chainlink Labs and Ripple Labs dont even affect the coin, because the coin is forever tied with its utility. And then crypto tries to cope and do "buy back burns" oooo.
The technology makes no sense. Why would all these trillion dollar institutions rely on tech that incorporates racist 4chan neets? Seriously, why? Why would you not just have a decentralized group of banks instead? In stocks, a share or bond is just money given to a company. The actual holding of a stock is not crucial for the entire system to work like a 4channer staking Link.
the penny stock communities on reddit just work because its 90% stock picks and someones DD is tied to their upvotes. On /biz/, their version of an "upvote" is what thread is bumped to the top. In theory, /biz/'s model works, but now stocks are limited to a general, and everyone talks about their NEET blog or brags about their LINK caste system status. I dont even think people realize /biz/ at one point had a crypto general like /smg/ pre 2017.
Truly, a cess pool of finance.
