[heliodor]

How can you possibly say it has no fundamentals?

Here are some use cases that give it a non-zero value:

It competes with Western Union for money transfers.

It provides ways to transfer money to places and for things the US government doesn't approve of.

[crazygringo]

Those are uses.

They aren't fundamentals, e.g.:

https://en.wikipedia.org/wiki/Fundamental_analysis

Money transfers aren't setting the value of crypto. They don't meaningfully affect the supply and demand, since the goal of a transfer is generally to hold the crypto for as short of a period as possible, to minimize price fluctuation risk -- so supply and demand are balanced without changing the price.

[louthy]

> It provides ways to transfer money to places and for things the US government doesn't approve of.

You can just say “facilitates crime”, it’s easier and isn’t doublespeak

[wat10000]

That’s circular. Those use cases only work if it has value. If they’re the only reason it has value in the first place then it’s a house of cards.