News for hackers. Stuff that matters.

A comment on Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble. Parent comment

Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by ur-whale on Monday October 18, 2021 @01:30AM (#28902510)
> All assets can be roughly divided into few categories: currency, debt, equity, derivatives/bets, collectibles.

Says who? Your Econ. 101 book?

You flippantly decide that no new class of asset can ever come into being and decide to present it as one of the fundamental laws of nature?

[ Parent | on HN ]
Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by H8crilA on Monday October 18, 2021 @01:47AM (#28902604)
Essentially, yes, except that: 1) this is a rough categorization, there's a lot of things out there that do not fit into any single one of the categories (a convertible bond is debt, equity, derivative? a little bit of all), 2) there could be something genuinely new, outside of all the previously known categories, but it hasn't appeared so far in thousands of years (yes, I mean thousands).

Also see this video: https://www.youtube.com/watch?v=8iNeXCAM_Ik

Just to be clear: bitcoin (or some other existing or future crypto) could become for example a currency one day. But it clearly isn't one now.

[ Parent | on HN ]