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No, not at all like the stock market. Shares of stock grant you partial ownership of a corporation with assets and income. Tokens give you partial ownership of
by Analemma_ 4y ago
No, not at all like the stock market. Shares of stock grant you partial ownership of a corporation with assets and income. Tokens give you partial ownership of fuck-all.
- eniotna 4y agoAsset and income denominated in some currency which is also an imaginary concept that we decided to all agree on was worth something. Not much different if you ask me
- mumbisChungo 4y ago>Tokens give you partial ownership of fuck-all. This is not entirely accurate. The "crypto" industry is not a monolithic piece of technology or implementation. Some tokens provide governance, which is a proxy for legal ownership. Some tokens provide ownership directly or contain trustless, immutable access to assets. I personally find decentralized programmable networks like ethereum- where it's sort of choose your own adventure in regard to utility, ownership, implementation, et cetera- to be more interesting than bitcoin.