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On cryptocurrency as a whole, which viewpoint do you personally relate to the most?

All Cryptocurrencies

by COINS NEWS 47 Views

While we are obviously all here (at r/cc) because we have at least a general interest in cryptocurrency, what perspective on cryptocurrency resonates most with you?
I have tried to provide a nuanced list of potential opinions/viewpoints on cryptocurrency, that does not overlap too much. After indicating the perception you identify the most with, I'd love to read your more nuanced perspective in the comments.

To clarify a bit more, I'll clarify the options given a bit more:

  1. A speculative asset: This concept encompasses the idea that cryptocurrencies are primarily used as an investment vehicle to speculate on aimed at short-term gains, rather than their inherent utility or longer term value.
  2. An alternative/new financial system: This option represents the idea that cryptocurrency could potentially disrupt existing financial systems, and offer some potential alternative option to manage and service finances (e.g., peer-to-peer transactions or a global currency, etc.)
  3. A store of wealth: This choice is relatively self-explanatory, it indicates the perception that cryptocurrencies will serve as a means to preserve and store value over time (e.g., potentially being compared to "traditional" stores of value).
  4. A new/revolutionary technology: This represents the perception that cryptocurrency / blockchain technology is a groundbreaking innovation, believing that it holds the potential to reshape various industries (not just finance).
  5. A speculative bubble: This option reflects the belief that the value and/or hype surrounding cryptocurrency could potentially be artificially inflated and could/will eventually burst like a speculative bubble, leading to significant value loss or a more general loss of interest.
  6. A self-custodial option to manage wealth: This choice encompasses the perception that cryptocurrency will enable individuals to have direct control over their wealth and assets, without necessarily needing to rely on intermediaries.

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submitted by /u/Mettez
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