• sherlockholmez@lemmy.ml
    0·
    6 months ago

    The same is, however, true for most of the stock market.

    The only counter argument is dividends, which are extremely rare in most industries, and barely a dent relative to an investor’s portfolio.

    • erwan@lemmy.ml
      0·
      6 months ago

      You can argue that owning a piece of a company who generates value is not the same thing as owning some useless cryptographic token.

      • qwerty@discuss.tchncs.de
        0·
        6 months ago

        What’s the difference between a useless cryptographic token and a useless piece of paper if there are people willing to give me things I want for either?

        • erwan@lemmy.ml
          0·
          6 months ago

          The piece of paper you’re talking about is useful to exchange goods.

          The cryptographic token is not because it’s too volatile and transactions are costly.

          There is a reason the only things using Bitcoin as an actual currency are illegal things, buying credit card numbers or paying for ransomware.