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I keep seeing this argument cropping up and it’s really not a useful comparison. If you buy a share, you generally buy (a) a vote that you can use to kick out
by nmfisher 5y ago
I keep seeing this argument cropping up and it’s really not a useful comparison.
If you buy a share, you generally buy (a) a vote that you can use to kick out the board and replace them with someone who will pay a dividend, and (b) a share of the assets of the company if it’s dissolved.
Those are both tangible rights, the crypto ponzi scheme offers nothing of the sort.
- emteycz 5y agoCryptocoin is a certificate [of uniquity], which are assets. Ponzi schemes are something totally different, sometimes done with currencies and sometimes with assets such as cryptocoins, but the coin itself can't be a ponzi scheme by definition.