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Google has assets (both physical like servers and virtual like user data) and revenue, the liquidation of which can make the shareholders whole. With BTC, ther
by captn3m0 5y ago
Google has assets (both physical like servers and virtual like user data) and revenue, the liquidation of which can make the shareholders whole.
With BTC, there’s no underlying asset.
- scotty79 5y agoBut the piece of paper that is GOOG stock has nothing to do with servers. You can't go to Google give them GOOG stock and say "give me some servers for that, please".
- sudosysgen 5y agoIf you've got enough, yeah you can
- scotty79 5y agoNo, you can't because Larry Page can step in, wave the golden action in your face and say "nope".
- kayamon 5y ago> With BTC, there’s no underlying asset. lolwut BTC defines computation/energy as a tradable asset -- that's literally the whole point of it.
- wutwut5521 5y agoTo clarify the point the parent is making; if BTC goes belly-up, how will you get those “computation/energy assets” returned to the coinholders? Parent is just pointing out a fundamental difference on how the underlying assets actually relate to the security.