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Cryptocurrencies do generate rent. You can lend them and collect interest on it. Houses don't grow in value because they generate rent - they are deteriorated
by lgrapenthin 5y ago
Cryptocurrencies do generate rent. You can lend them and collect interest on it.
Houses don't grow in value because they generate rent - they are deteriorated by residents and need permanent investment in repairs to hold their value. Instead, they grow in value if their environment and surrounding infrastructur improves because more people will want to live there and offer a higher price.
Likewise, if more merchants accept a coin, the coin is more valuable because its more flexible.