Quote from: newrad on July 27, 2015, 03:02:33 AM

Also 1 more thing.... Cryptocurrencies are not stocks. Undecided

If we just use analogies, comparisons to discuss some FEATURES we can use ANY analogy which can help to understand us.
We can say that cryptocurrencies are trees. They have some similar features.

But if we consider that A=B when A=1 and B=2 and C=2, we can be completely wrong later, thinking that A=C.

For example, "the long cold winter of the far north is unsuitable for plant growth and trees must grow rapidly in the short summer season when the temperature rises and the days are long".
If we think that cryptocurrencies are like trees, we will expect that they cannot be implemented into market when it is very cold, and that they will rise when it is summer or spring.

Quote from: monsterer on July 27, 2015, 02:04:02 PM

Quote from: KlondikeBear on July 27, 2015, 01:40:29 PM

But classic cryptocurrency 1) is not incorporated 2) has no debts 3) has no accounting 4) has no assets 5) has no real profits or dividends
6) cannot be bankrupted 7) doesn't produce any product.

1 and 6 are irrelevant. 3 is plain wrong (public ledger?) 7 is narrow minded; the currency itself provides a service to all users. I would argue that burnt fees represent something similar to profits/dividends.

edit: I'm not saying they're exactly alike, but they are a good analogy