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> The only way to make profit on bitcoin is to make someone else poorer by that amount. That's what makes it a ponzi - anything with this property that pretends
by rnotaro 5y ago
> The only way to make profit on bitcoin is to make someone else poorer by that amount. That's what makes it a ponzi - anything with this property that pretends to be an investment is one. Implementation details are irrelevant.
I'm really far from an expert in economics so I could be wrong but ain't that how the stock market works for non-dividends stocks?
- lalaland1125 5y agoStock buybacks and M&A function similarly to dividends in that they return money to shareholders from corporate profits. You don't need to distribute dividends to give money back to shareholders.