terzaerian
Posts: 1,517 +2,260
A crypto's value is, in part, also derived from the fundamental strengths of the decentralized network that supports it... which brings us back to why this mining ban is a contentious issue, as it's an attack on Bitcoin's network in particular, which relies on proof of work, as well as Ethereum, which is still in the process of changing from POW to proof of stake. This could lead to market distortions as other non-POW cryptos could stand to benefit.I think the comparison of crypto to stocks is apt. Once a stock is beyond its initial offering value, its value is driven mostly by market forces. On the other hand, crypto's value seems only driven by market forces as it had no intrinsic value when it was first conceived.