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How would you classify "stocks" in a Ponzi scheme? They too can be transacted, up to a point. Is that sufficient to make them non-fictional?
by DenisM 7y ago
How would you classify "stocks" in a Ponzi scheme? They too can be transacted, up to a point. Is that sufficient to make them non-fictional?
- fastball 7y agoSomething can be real (and not fictional) without having the value people imagine it to have. For example, I don't know if you own any old jewelry with diamonds in it, but if you do, you can probably assume that it is worth less than you paid for it, given that diamonds can now be artificially produced with clarity / hardness / etc that parallels "natural" diamonds, and a big part of a diamond's price has historically been it's relative scarcity in nature.