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The analogy isn't good. Casino chips corresponds 1-1 to dollars. It's not like you have to pay more for them if there is fewer around. That being said companie
by bluecalm 5y ago
The analogy isn't good. Casino chips corresponds 1-1 to dollars. It's not like you have to pay more for them if there is fewer around.
That being said companies benefiting from rising crypto currencies prices buying said currencies just to hold them (and therefore manipulating the price due to limited supply) should at least raise some eyebrows.
- sokoloff 5y agoIf you take the logical view that BTC et al today function more like assets than currencies, then an enormous number of actors in the equity markets are in the situation of buying an equity asset and benefiting if its price goes up (and often talking their own book as well).
- Cthulhu_ 5y agoArcade tickets then. What are they worth? Who knows, see what you can buy with them.