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Crypto doesn’t do anything there’s no productive asset. Literally every dollar coming out is a subset of the dollars that went in. It’s less than that even due
by CPLX 4y ago
Crypto doesn’t do anything there’s no productive asset. Literally every dollar coming out is a subset of the dollars that went in.
It’s less than that even due to electric bills and all that.
Contrast that to a productive asset, like a farm. You start with land and put dollars in and you get food. And you still have the land. There’s more food than there was before.
Or if you’re one of those Elon worshippers, he starts with rocky ore and seawater or whatever and ends up with lithium battery packs.
So with that established, when you see this guy running around spending hundreds of millions of dollars the next question has to be whose dollars were those. Because they don’t have them any more and they ain’t getting them back.