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Some stocks have no expected cash flows, some cryptocurrencies have expected cash flows. You can't generalize entire asset classes like that.

• cuteboy19 5y ago
  Why would anyone buy something with no positive expected cash flow? That's the same as buying into a greater fools scheme
  • everfree 5y ago
    Read my comment more closely. > some cryptocurrencies have expected cash flows Ethereum has cash flow which is expected to go positive after they switch their consensus model from mining to staking this year. At this point, I wouldn't buy any crypto that doesn't at least have a credible roadmap towards positive cash flow.
    • cuteboy19 5y ago
      No, you mentioned stocks not having future expected cash flows. I just don't see the difference between that and Ponzi schemes, even if there are some real examples of this
      • everfree 5y ago
        Many popular stocks (all stocks without dividends or buybacks) are like a Ponzi scheme in that all of the money used to pay early investors (through sale of the security) comes from later investors (buying into the security). However, they are different from a Ponzi scheme in that there is a real business behind them, and no deception/fraud.