Re:The technological case against Bitcoin and blockchain
by xiphias2 on Monday March 07, 2022 @08:33PM
(#30595492)
The great thing with Bitcoin is that everybody gets the price what they deserve. Those ,,whales’’ are whales because they risked their capital when it was riskier to own, not because they were from wealthy families. It’s still a risky investment of course, so I understand that most people don’t want to own it.
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Re:The technological case against Bitcoin and blockchain
by duhast on Monday March 07, 2022 @10:09PM
(#30596003)
Bonds are a form of lending and pay coupons. Shares experience capital appreciation from business growth and pay dividends from profits. Houses bring rent. How does Bitcoin create wealth?
Re:The technological case against Bitcoin and blockchain
by kybernetikos on Tuesday March 08, 2022 @03:02AM
(#30597619)
Not bitcoin per se but lots of cryptoassets do produce wealth in similar ways. There are tokens on ethereum than give you interest based on lending out your deposit just like a bank does. You can also get paid fees for providing liquidity for traders.
You can also get paid for securing the cryptoasset system in a PoS system although I don't think that has an equivalent in the fiat space.