[karl262]

Originally Posted by afc wimbledon

You are conflating two things, which is the basic problem of crypto at the moment, judging any crypto as a currency is a wholly different proposition than judging it as an investment, the US dollar is a great currency but no one would see it as an investment, it's value in the long term only fluctuates with inflation, as such it neither makes nor loses value as it is 'value' its the measure of 'value' and no more, crypto may well be a great currency but as an investment its 'returns' are made from more buyers buying more crypto, crypto doesnt generate any returns of its own, no currency does.

Again there may be a great future for blockchain and or crypto in all kinds of areas (although I suspect in the vast majority of potential applications a far simpler cheaper non blockchain solutions will steal the trade once the trade is established) but that doesnt make any particular crypto a good investment any more than the dollar being a good currency doesnt make Ford a good investment, the two things are seperate, they may or may not affect each other's value or returns but they are not connected.

And for the record the worlds largest pyramid schemes have never required recruiting, Madoff, Ponzi were all running pyramid schemes worth in some cases billions and no one involved in investing recruited anyone, they were all sold a good story as to why this scheme was special and the rest of the world wouldnt understand

Different blockchain projects have vastly different functions and objectives. They will not all fit into a nice box to make it easier for you to land on a clear definition.