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Literally the only way you can profit with real estate is if people keep buying in at higher prices. It's the perfect instantiation of a pyramid scheme. Litera
by bluepnume 5y ago
Literally the only way you can profit with real estate is if people keep buying in at higher prices. It's the perfect instantiation of a pyramid scheme.
Literally the only way you can profit with stocks is if people keep buying in at higher prices. It's the perfect instantiation of a pyramid scheme.
- Sebb767 5y ago> Literally the only way you can profit with real estate is if people keep buying in at higher prices. It's the perfect instantiation of a pyramid scheme. Except, of course, if you live in it, rent it out or use it as businesses asset. Good luck doing that with crypto. > Literally the only way you can profit with stocks is if people keep buying in at higher prices. It's the perfect instantiation of a pyramid scheme. Except, of course, that you as a shareholder can influence the direction of the company and earn dividends. Good luck doing that with crypto.
- bitxbitxbitcoin 5y agoActually you can rent out crypto (to short sellers).
- lanstin 5y agoA nice example of how the winners in the gold rush aren’t the suckers but the people selling stuff to the suckers.
- aaaaaaaaata 5y agoOr by staking for loans, other transactions.
- bluepnume 5y agoWhat does that have to do with the original point? - Real estate has real-world use cases - Stocks have real-world use cases - Bitcoin has real-world use cases It's meaningless to describe any of these as pyramid schemes because "to profit you must be able to sell at a higher price to someone else". That's true of buying or selling anything.
- kragen 5y agoYou can live in real estate and get dividends from stocks. Cryptocurrencies are more similar to commodities: gold, wheat, coal. (You can consume wheat and coal, yes, but that consumes them and then you don't have them anymore; that's not profit.)
- not_kurt_godel 5y agoYes, except gold, wheat, and coal have inherent value as physical items whereas crypto does not.
- kragen 5y agoCommodity traders couldn't care less, and the vast majority of the use of gold is purely commerce, unrelated to its inherent value for plating electrical contacts or coating mirrors.
- uncletammy 5y agoYou see no value in having a currency that can't be inflated on a whim by your government? As in, the printing of money that reduces the purchasing power of the money sitting in your bank account. Really?
- not_kurt_godel 5y agoBitcoin is not and never can be currency.
- bluepnume 5y agoThat which can be asserted without evidence, can be dismissed without evidence.
- not_kurt_godel 5y agoWhat is the max number of transactions per second that Bitcoin can support?
- deleted 5y ago[deleted]