I agree. If everyone knew how easy and cheap it is to create their own ERC-20 token or a Solana token (which is what most scam coins are), they would think crypto is worthless too.
My favorite current example is Hawk Tuah coin.
1 billion tokens minted out of thin air in a single Solana contract with a peak market cap of 3.17 million dollars. After a 95% decline, a current market cap of 98.8k.
No wonder people think crypto is has no value.
Anyway, major proof of work and proof of stake crypto currencies do have intrinsic value. You just have to know the difference.
I agree. If everyone knew how easy and cheap it is to create their own ERC-20 token or a Solana token (which is what most scam coins are), they would think crypto is worthless too.
https://docs.alchemy.com/docs/how-to-create-an-erc-20-token-4-steps
https://solana.com/developers/guides/getstarted/how-to-create-a-token
https://coinmarketcap.com/currencies/hawktuuuah/
My favorite current example is Hawk Tuah coin. 1 billion tokens minted out of thin air in a single Solana contract with a peak market cap of 3.17 million dollars. After a 95% decline, a current market cap of 98.8k.
No wonder people think crypto is has no value.
Anyway, major proof of work and proof of stake crypto currencies do have intrinsic value. You just have to know the difference.
Thanks for the hard details on Hawk Tuah. Only Trump can make money in NFTs, and that's because of numismatics and not "nonfungibility".