LogFAQs > #964977133

Sure, it isn't backed by the Fed. Great.

However, just like the internet was once an emerging technology, so is blockchain technology. Not every single cryptocurrency is revolutionary, pissiedogcoin2.0 isn't going to survive, but blockchain technology is. Today the integration of internet technology is way beyond what anyone would have imagined in 1995. Blockchain technology is here to stay and from within the herd of nonsense there will be some companies and teams that make it through. Companies that develop real world applications for this technology, like Amazon did with the internet, will be massive. Just because some stablecoins lost their peg doesn't mean blockchain tech is dead forever.

There were countless tech companies that died with the dotcom bubble bursting, but guess what we're still both sitting here talking to each other using THE INTERNET

"Bitcoin is down 55% in six months. That's no damn hedge."

Sure. It has also eaten through +80% crashes in the past. From my count this is like the 10th time BTC has been declared dead, just seems to be worth more and more each time I hear about it dying though.