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Comment by speedplane | Hacker News Reader

If you want to invest in early technology that is vague on substance and has only speculative potential to add true value, then why would you invest in startups when bitcoin has far higher returns?

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Because startups create value in the real world?

I’m not a fan of Bitcoin but it creates a lot more value in the real world than many Silicon Valley startups; such as the ones building webcams for animals, or delivery for X.

Yes, the best of one category is better than the worst of another category.

Well regardless of what we think of those startups, massive amounts of money are being poured into them. How much value are they really creating though?

If you look at per energy expenditure, I'd argue that "webcams for pets" or "delivery for X" are probably delivering more value per unit energy used, because of relative efficiency.

Lots of alt-coin startups... ICOs are mini IPOs

I'm worried about a world where everything is tokenized. I feel like this needs to be talked about more and no one is willing to because there's still so much money to be made.

Are we really going go be expected to use and understand what essentially amounts to one token per service we use?

Is your primary concern where everything is tokenized at all, or where everything is tokenized differently? The latter will have enough exchanges, commissions, arbitrage to create markets. There should be more angles covered re the former.

Because bitcoins are monopoly money with technobabble.

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