3 ms·
Crypto is a zero sum game. "The Public" can't be making millions on aggregate. Probably something like 90+% lose over longer term. And you make nothing until
by nabla9 10mo ago
Crypto is a zero sum game. "The Public" can't be making millions on aggregate.
Probably something like 90+% lose over longer term. And you make nothing until you sell.
- burnerRhodov2 10mo agoExplain to me how crypto is zero sum? It can be infinity rehypothecatated..
- D13Fd 10mo agoCrypto is a box where a bunch of people put money in and get exactly the same amount out (just distributed differently).
- jopython 10mo agoBy that logic even the Stock market is a zero sum game.
- D13Fd 10mo agoThat's not true. The money you use to buy stocks gets you an ownership interest in a company that creates value. The money you put into crypto gets you a line on a distributed spreadsheet. The money that comes out of your ownership share is tied to the success of the company, through dividends and buybacks.
- stevenjgarner 10mo agoThat depends if you are using crypto as 1) a store of value; 2) a medium of exchange; or 3) an alternative to permission-based monetary policy. All of it depends on the jurisdiction of the fiat-to-crypto and/or crypto-to-fiat transaction.