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That’s what capital productivity is all about. No, it's about investing money (and other resources) into endeavors that create actual goods and and services.
by vanusa 5y ago
That’s what capital productivity is all about.
No, it's about investing money (and other resources) into endeavors that create actual goods and and services. The crypto world is (absent a few marginal use cases) almost entirely about derivatives and speculation - and of course money laundering and ransomware.
That is to to say: the very opposite of the intrinsic purpose (to the extent that it has one) of capital.
It’s unstable, risky, prone to failure — and it’s exactly what the global economy needs.
I have an even better catchphrase for you:
"It’s unstable, risky, prone to failure — in other words, pure nihilism, baby! And it’s exactly what the global economy needs."
- numair 5y agoThat is a very simplistic view of a large, rapidly evolving asset class. Your “few marginal use cases” will grow into the most important use cases of the entire economy — and no, we don’t yet know exactly what those are. Surely you understand how compounding growth works, right?