Re:Making Sense of Crypto and Web3
by ineptech on Wednesday March 16, 2022 @12:59PM
(#30701277)
I was all set to complain about this, but the wiki is pretty on point:
> Crypto Asset: A digital asset that is traded on a blockchain. Crypto assets have no use-value, no fundamental-value, and no income-cashflows and are a manifestation of the greater-fool-theory.
> Crypto Asset: A digital asset that is traded on a blockchain. Crypto assets have no use-value, no fundamental-value, and no income-cashflows and are a manifestation of the greater-fool-theory.
From https://web3.lifeitself.us/concepts/cryptoasset. It also describes crypto assets as "libertarianism performance art".