Pointbite.com - Technology & Economics Sharif Aly

What does success look like for crypto?

I challenge crypto supporters

Where do crypto profits come from?

In order to keep a network that is 10 times larger profitable for its owners, customers would need to pay 10 times as much to use it. Unless you think splitting equipment and facilities across many different parties make their costs 10 times lower. It really should be obvious to everyone that something which costs more to run will cost more to use. How likely do you think such a service is to succeed. Clearly, we have a problem. 

NFT’s really are just as dumb as you think they are. Non fungible tokens are links to some resource, usually an image hosted somewhere else, that is assigned to a wallet. 
There is only 1 such token and it can only be assigned to 1 wallet, technically, but not really.

The purpose of a stable coin is to track the price of some other asset, most commonly, the US dollar. They are crypto currencies just like any other crypto currency, but the central authority that issues them explicitly and deliberately manipulates the market to maintain a desired price. Most stable coins claim to be backed by other assets, which they can use to settle redemption requests or trade with market participants to maintain the price peg.