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When push came to shove, pretty much all money (and assets) dropped hard in value vs stuff that is critically needed. Hardness of money is really only situation
by RandomLensman 3y ago
When push came to shove, pretty much all money (and assets) dropped hard in value vs stuff that is critically needed. Hardness of money is really only situational. Really hard money does not exist that is why things like productive assets are where wealth goes - not into other non-productive monies. For example, equity is already used as money at times (M&A, salaries).
- deleted 3y ago[deleted]
- npoc 3y agoBitcoin is a productive asset. I buy it, lend it to a business who can use it as collateral and I get paid back more bitcoin than I lent them, as compensation (i.e. interest)
- RandomLensman 3y agoThat is perhaps stretching of what is usually meant by a productive assets (you can make the same argument for a piece of art, for example, or really anything). Typically, the asset itself is productive, not that it can be used in a productive activity (e.g., gold as an non-productive asset even though you can lend it out).
- hanniabu 3y ago> Bitcoin is a productive asset. Only if you're given permission. It's not natively productive like Ethereum.