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A comment on Coinbase plans to add $500M worth of crypto to its balance sheet. Parent comment

Re:Coinbase plans to add $500M worth of crypto to its balanc... by ravenstine on Monday August 23, 2021 @07:33AM (#28274358)
Are USD and company shares really so different from poker chips? (Not to say you don't have an excellent point)
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Re:Coinbase plans to add $500M worth of crypto to its balanc... by jstx1 on Monday August 23, 2021 @07:55AM (#28274515)
Poker chips have 1:1 correspondence to dollars. So they're very different from shares and from cryptocurrencies.
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Re:Coinbase plans to add $500M worth of crypto to its balanc... by JohnJamesRambo on Monday August 23, 2021 @08:02AM (#28274568)
Poker chips are like a stablecoin based on USD, an inflationary currency- a very poor investment indeed. I’d be quite worried if a business invested in USD, but they all try to.

https://fred.stlouisfed.org/series/M2SL

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Re:Coinbase plans to add $500M worth of crypto to its balanc... by BrissyCoder on Monday August 23, 2021 @07:01PM (#28283148)
Poker chips don't have earnings or pay dividends.
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