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That is reductive and doesn't make it negative sum. You identified the reasons of outflows and neglected to identify the reasons of inflows, or the magnitude o
by vmception 5y ago
That is reductive and doesn't make it negative sum.
You identified the reasons of outflows and neglected to identify the reasons of inflows, or the magnitude of either.
Any supply and demand system is negative sum by your standard.
Remember to always ask “Did I just make a separate fictional higher standard for an asset class just because I don't like it?” If you create a criteria for crypto assets that no commodity, currency, equity, or property can meet, the question is why? Is it ignorance or intentional?
- user-the-name 5y agoThe only inflow is people sending money to exchanges, as the tokens being traded and created have zero intrinsic value. This is not the case commodities, currencies, equities or property. Those things have value outside of the market itself, while cryptocurrencies basically do not. They are in practice only used for trading.
- karottenreibe 5y agoWhat is the intrinsic value of a currency outside of trading then?
- user-the-name 5y agoAre you planning on trading the money in your bank account? If not, can you give it to me as it apparently has no value?