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> * non-voting stock shares No. Share value isn't determined by voting rights alone. It's determined by your ownership stake in a productive enterprise. You ow
by arcticbull 5y ago
> * non-voting stock shares
No. Share value isn't determined by voting rights alone. It's determined by your ownership stake in a productive enterprise. You own a share of assets and future cash flows whether you vote or not. At some point every business will make a distribution - either share buybacks, dividends or at dissolution. Your share entitles you to a fraction of that. Shares have value regardless of whether someone else will buy them from you. It may be less than you paid, but that's not the same thing.
> Art, coins stamps.
These are much closer to NFTs than they are crypto. Each is unique. Due to their uniqueness there isn't a party constantly extracting value from your existing unique items (as miners do, by constantly producing more Bitcoin and selling it to pay their electric bills).
> Bitcoin also has some utility as a transaction medium.
It really doesn't.
- deweller 5y ago>> Bitcoin also has some utility as a transaction medium. > It really doesn't. It is pretty difficult to support an argument that Bitcoin has zero value as a transaction medium.
- awb 5y ago> At some point every business will make a distribution Except for bankruptcy. Plus, I can’t remember an instance of common share holders receiving a non-dividend distribution. Some stocks don’t pay dividends and common share holders are at the back of the line in any liquidation event. If it’s not pure speculation it’s certainly in the ballpark.