Quote from: HeRetiK on August 24, 2024, 08:00:54 PM

Quote from: JamesNZ on August 24, 2024, 07:02:44 PM

Quote from: HeRetiK on August 24, 2024, 02:25:37 PM

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?

Value of every company comes from equity and businesses activity. Equity can be liquidated. Business activity produces profit.