Re:Is it a Ponzi? A framework for evaluating crypto projects
by smeagull on Wednesday June 08, 2022 @05:53PM
(#31674819)
In my country dividends are the only part of investing in stocks that is taxed.
Consider: Any value my money has is simply the belief that someday, someone else will accept it in exchange for something else.
Re:Is it a Ponzi? A framework for evaluating crypto projects
by gumby on Wednesday June 08, 2022 @07:13PM
(#31675667)
> Any value my money has is simply the belief that someday, someone else will accept it in exchange for something else.
Yes of course but cash is quite liquid while a share is not. In other words, that dollar will be accepted by the butcher, baker, or cabinet maker while demand for that share of coinbase fluctuates wildly.
Gold as an asset reminds me of those NASDAQ-listed companies that assert they will never declare a dividend. Any intrinsic value their stock might have is simply the belief that someday, somebody else will buy it.