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Re:The Bear Case for Crypto, Part II: The Great Bank Run by vasilipupkin on Monday November 27, 2017 @05:10PM (#15792031)
I am not against bitcoin but bitcoin is not like stocks and land. stocks in aggregate pay dividends, sometimes in the form of stock buybacks, something that Berkshire does do. Non-dividend paying stocks are priced today due to expected future dividends. In other words, they may not pay dividends now, but they generate expected future profits. Land is physically scarce. Bitcoin is software, so scarcity of software is not the same as physical scarcity.

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