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28/12/19
08:10
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Originally posted by vagabond84:
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Fair points. That's a fair argument for why AB1 should be allowed to go about its business. Although I think a key difference between beanie babies and most ICO's / cryptocurrencies is that Beanie Babies was a legitimate product with real world utility (plush toys) that got swept up in a speculative mania, while crypto never had a legitimate use in the first place with no real world utility. So at least beanie babies was a defensible product from that perspective. It is a free market however as you mention and the ASX is free to disallow activities which they believe to be disreputable... unfortunately that includes cryptocurrency related activities. Don't blame the ASX, blame it on the BitConnect and countless other less high profile crypto wipeouts.
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you do realise crypto currency can be used to buy real world things right? You can use it today to buy digital or physical products just as you would use your eftpos or credit card.