Re:The cryptocurrency sell-off has exposed those swimming naked
by CPLX on Friday May 20, 2022 @09:30AM
(#31447099)
> So from money someone else put into this whole hamburger thing and won't get it back?
They got a hamburger and ate it. People need food.
Re:The cryptocurrency sell-off has exposed those swimming naked
by scotty79 on Friday May 20, 2022 @06:16PM
(#31453184)
They could eat something else. From the point of view of McDonalds investor there's no guarantee money will be flowing in because of sale of hamburgers.
Re:The cryptocurrency sell-off has exposed those swimming naked
by nradov on Friday May 20, 2022 @09:48AM
(#31447340)
McDonald's stock (MCD) pays a 2.39% dividend yield based on people buying hamburgers. That's hard cash paid out every year. Bitcoin doesn't pay any dividends.
So from money someone else put into this whole hamburger thing and won't get it back?
> For example the dollars you get from selling McDonald’s stock 30 years after purchasing it come from people buying hamburgers.
Some dollars not all, and most likely bot even the most.
So the Bitcoin doesn't have this merchandise based mechanism for sucking the money out of the rest of the economy, so what? Only a part of the cash of the investors comes from it anyways. The rest comes from other investors who gambled wrong. Same as with Bitcoin.
Your argument is just a version of intrinsic value argument tgat crypto bros dismiss with a wide smile.