What does that have to do with the original point?
- Real estate has real-world use cases
- Stocks have real-world use cases
- Bitcoin has real-world use cases
It's meaningless to describe any of these as pyramid schemes because "to profit you must be able to sell at a higher price to someone else". That's true of buying or selling anything.
Re:In Defense of Bitcoin Maximalism
by bitxbitxbitcoin on Friday April 01, 2022 @10:36AM
(#30878459)
Actually you can rent out crypto (to short sellers).
Re:In Defense of Bitcoin Maximalism
by aaaaaaaaata on Saturday April 02, 2022 @09:00AM
(#30887902)
Or by staking for loans, other transactions.
Except, of course, if you live in it, rent it out or use it as businesses asset. Good luck doing that with crypto.
> Literally the only way you can profit with stocks is if people keep buying in at higher prices. It's the perfect instantiation of a pyramid scheme.
Except, of course, that you as a shareholder can influence the direction of the company and earn dividends. Good luck doing that with crypto.