Post
Topic
Board Bitcoin Discussion
Re: Fun fact: Cryptocurrencies are not Assets, but Activity Logs
by
HeRetiK
on 24/08/2024, 20:00:54 UTC
You're 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.
Visa an PayPay balances are assets because they represent fiat money. Log updates that you Bitcoin holders make represent nothing. So your comparation failed.

What is crazy here is how many nonsensical excuses are you crypto people capable to come up with just not to admit what you see with your own eyes.

I'm not talking about Visa's and PayPal's balances though. Those belong to their customers, not the companies or their shareholders. Where does the value of these companies come from, within your framework?