I just had a talk with my brother, who is into crypto, and he said that Bitcoin is king with Ethereum second, and then coins tied to currency, the stable coins, coming in third as good investments. The rest are what he called the "shit coins" that drop in value and never come back up again.
It is important to remember that cryptocurrencies are actually digital commodities and not currencies. I have a hard time understanding how digital information is a commodity, like something substantial that you can hold in your hands. I understand that things like patents, designs, and written material can be digitized and are abstract like crypto, but intellectual property is something that has real value because you can understand it and hold it in your mind.
Objectively, crypto is a shallow idea that imparts fluctuating value to units of energy stored in a digital system. At least electric impulses are a real thing that has enough value to have us pay a monthly bill for their use as a standard utility. The information itself is useless; it is an arbitrary mathematical value recorded digitally as a number, not a novel idea or a useful invention design. The idea of cryptocurrency has more value than the cryptocurrency itself.
It is important to remember that cryptocurrencies are actually digital commodities and not currencies. I have a hard time understanding how digital information is a commodity, like something substantial that you can hold in your hands. I understand that things like patents, designs, and written material can be digitized and are abstract like crypto, but intellectual property is something that has real value because you can understand it and hold it in your mind.
Objectively, crypto is a shallow idea that imparts fluctuating value to units of energy stored in a digital system. At least electric impulses are a real thing that has enough value to have us pay a monthly bill for their use as a standard utility. The information itself is useless; it is an arbitrary mathematical value recorded digitally as a number, not a novel idea or a useful invention design. The idea of cryptocurrency has more value than the cryptocurrency itself.
A trail goes two ways and looks different in each direction - There is no such thing as a timid woodland creature - Whatever does not kill you leaves you a survivor - Jesus is NOT a bad word - MSB