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A comment on FTX’s balance sheet was bad. Parent comment

Re:FTX’s balance sheet was bad by JamesianP on Monday November 14, 2022 @08:59PM (#33604306)
How about various forms of IP? They're just intangible rights. They give you a certain monopoly, which is one (admittedly odd perhaps) way of describing a cryptocurrency (or anything encrypted when only you have the key).

The fundamentals for your ponzi coins are so bad they might as well be worth zero, so why would that insignificant value difference matter anyway?

[ Parent | on HN ]
Re:FTX’s balance sheet was bad by JLuterek on Wednesday November 16, 2022 @10:05AM (#33624228)
IP is valued on it's ability to generate revenue. This is why the patent on swinging sideways in a playground is worthless, but the patent on the telephone was extremely valuable.

Crypto tokens are unable to generate revenue.

[ Parent | on HN ]