Re:Crypto is an unproductive bubble
by benreesman on Friday March 18, 2022 @08:44PM
(#30729619)
Some do, Apple is notable for this. If Uber’s done one I missed it.
FTX burns FTT when they have a good quarter, with roughly the same zero accountability to do so as a FAANG with a God Emperor CEO running a dual-class share structure.
Neither of these things are backed by guys with guns who come to your house if you fail to pay taxes in them.
Re:Crypto is an unproductive bubble
by Aunche on Friday March 18, 2022 @09:14PM
(#30729870)
A failing business is still a business. 60% of new restaurants fail within a year, but nobody would argue that these restaurants have no intrinsic value. Likewise, Uber has facilitated billions of rides.
FTX burns FTT when they have a good quarter, with roughly the same zero accountability to do so as a FAANG with a God Emperor CEO running a dual-class share structure.
Neither of these things are backed by guys with guns who come to your house if you fail to pay taxes in them.