Post
Topic
Board Bitcoin Discussion
Re: Fun fact: Cryptocurrencies are not Assets, but Activity Logs
by
HeRetiK
on 24/08/2024, 14:25:37 UTC
You go round in circles. There are no monetary transactions. Transactions are done with assets. In crypto, a log is updated - which manifests in changes of numbers associated with addresses. It is mind blowing how you crypto people talk about some magical asset but you see with your own eyes that it doesn't exist.

Your skirting around the problem that your framework is inconsistent and that by your very definition stocks like VISA or PayPal would fail to be assets beyond the physical buildings they inhabit.