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.
Consider: Any value my money has is simply the belief that someday, someone else will accept it in exchange for something else.