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It's not a new asset class. Most cryptocurrencies are junk bonds. Those have been around for ages. If the coiners (what do you call this tribe?) accomplish "Pe
by grizzles 9y ago
It's not a new asset class. Most cryptocurrencies are junk bonds. Those have been around for ages.
If the coiners (what do you call this tribe?) accomplish "Permissionless Innovation" though, they will have did something great.
- tim333 9y agoIt's sort of an new asset class - there wasn't anyone transferring crypto in Shakespeare's day. They don't have an iffy promise to pay you money like junk bonds. In traditional terms they are a bit more like assets that can cost something to mine. Whether they end up valued like gold or like sea water we shall see.