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The point is that for every dollar someone takes out of the crypto eco-system someone else has to put one in. With miners taking their own cut that means the ga
by librish 5y ago
The point is that for every dollar someone takes out of the crypto eco-system someone else has to put one in. With miners taking their own cut that means the game is actually negative sum for normal people trading in crypto currencies.
- space_rock 5y agoSpeculation is zero sum ignoring adding liquidity to the market in a positive sum game Everything else is positive sum. Trading, moving money, storing wealth...
- lmm 5y agoBut it's not stable enough to be terribly useful for storing wealth or moving money, at least by the standards of normal legal assets. So most of the value must come from crime and speculation.
- AnthonyMouse 5y agoFor miners it's positive sum. For people who buy cryptocurrency with government-issued currency it's zero sum. They don't show up with cash and go home with nothing. They get that amount of cryptocurrency. They only lose something if the value goes down. Which it might, or it might not.
- lottin 5y agoYou're using the term zero-sum incorrectly. Look up zero-sum game.
- tim333 5y agoSame for most things. Guy grow potatoes sells some and uses the money to buy stuff. For every dollar he takes out of his potato ecosystem someone has to put one in. Just how these things are.