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A comment on FTX’s financial black hole leaves Binance balking at rescue plan. Parent comment

Re:FTX’s financial black hole leaves Binance balking at resc... by xapata on Wednesday November 09, 2022 @03:59PM (#33537734)
Shareholders own assets. If I buy a brick of gold, the gold doesn't pay dividends either.
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Re:FTX’s financial black hole leaves Binance balking at resc... by RC_ITR on Wednesday November 09, 2022 @04:23PM (#33538047)
Gold is a consumption good (jewelry) that people choose to treat as an asset (so much so that they forget that it was originally valuable because it was our most easily smithed/mined metal that rulers liked to adorn themselves with).
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Re:FTX’s financial black hole leaves Binance balking at resc... by spaceman_2020 on Wednesday November 09, 2022 @04:22PM (#33538024)
What assets do Uber's shareholders own? The app?

How is that different from dApp?

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Re:FTX’s financial black hole leaves Binance balking at resc... by xapata on Wednesday November 09, 2022 @06:41PM (#33539832)
Shareholders own shares of the company, and the company owns assets. For example, Uber owns some data center equipment. If the company were liquidated, that equipment would be sold and the proceeds distributed to creditors, bond-holders, and share-holders.
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Re:FTX’s financial black hole leaves Binance balking at resc... by lmm on Wednesday November 09, 2022 @06:59PM (#33540055)
Gold is a poor investment, and indeed has some Ponzi-like properties.
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