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The bitcoin network generates fees too. Doesn't make that a form of revenue though. By the same token an insurance company doesn't treat the premium taken in a
by McLaren_Ferrari 4y ago
The bitcoin network generates fees too. Doesn't make that a form of revenue though.
By the same token an insurance company doesn't treat the premium taken in as revenue, it becomes listed as Asset under management.
Revenue is when the consumer buys something from a company and it improves their quality of life. Like buying a 10 gallons of gas from Exxon. It is very direct, straightforward and most importantly it's an exchange of money for a good or service, not asset for asset, loans, RePo or any other form of financial engineering, all that stuff comes after commerce, not before and is listed under capital/trading gains, not revenue
- TimJRobinson 4y agoThat $1B is money directly going to Uniswap and liquidity providers. They do over $1B in volume PER DAY and from that change a ~0.3% fee. You should really google this stuff and challenge your assumptions rather than assuming.