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Contrary to the stock market, Bitcoin _is_ a zero sum game.

• tw1010 7y ago
  Could you expand on that please?
  • doc_gunthrop 7y ago
    They might be referring to the 21M cap on bitcoins.
  • dehrmann 7y ago
    First, there's no intrinsic value. If a healthy company's share price drops to zero, I'll buy up as much as I can, making a profit on just its cash reserves. Bitcoin isn't "healthy" (or unhealthy); it doesn't hold assets; it is the asset. Second, companies (hopefully) generate value and return it in buybacks or dividends. It goes a little bit beyond your question, but Bitcoin on its own doesn't create value in the same way a company does. Investing in Bitcoin is much more like buying Turkish Lira.
  • rahilb 7y ago
    If I understand bitcoin correctly (I probably don't); Mining a block is finding some numbers (maybe they all have to be prime?) whose product is a large number ending in a specified number of zeros. Hence the zero sum game comment :)