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.
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.