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Money today is worth more than money tomorrow. If you have idle capital and I have something valuable, I can cash in sooner and you can get a valuable resource.
by Taek 9y ago
Money today is worth more than money tomorrow. If you have idle capital and I have something valuable, I can cash in sooner and you can get a valuable resource. So there is a legitimate reason for me to sell you something that is guaranteed to go up in value assuming that I want money now more than you do.
That's not an endorsement of any asset in the crypto space, and I would never remotely suggest that any token today is guaranteed to go up in value.
- Sangermaine 9y ago>Money today is worth more than money tomorrow. This is not true for deflationary currency...like Bitcoin.