Post
Topic
Board Bitcoin Discussion
Re: Fun fact: Cryptocurrencies are not Assets, but Activity Logs
by
EarnOnVictor
on 29/08/2024, 07:12:22 UTC
I admit that you are constructive as ever and perhaps creative as well but your perspective on cryptocurrency has always been the same and you are wrong. Maybe you do not know the definition of an asset, and I implore you to conduct a common research on it. Your writeup proves a point and you are trying to get some facts to downgrade the "virtuality" of Bitcoin and altcoins but this will not stop the truth that they are assets. Some are now calcified by the US government as Security and Commodity, this can only mean that they derive that from their purpose and utility, therefore they are assets by law.

Again, you call cryptocurrencies a non-asset but they are already in the mainstream of the financial market, many big companies and even countries now have some shares in cryptocurrencies and it is being used daily for deposits, withdrawals, loans and repayment, name it. If you can say cryptocurrency is not an asset, then Fiat is not an asset, which is not true. You may buy a car today and opt to pay in cryptocurrency, if it doesn't have a value, will the deal be possible? Stop downgrading an asset due to the fact that it is virtual, so far people value it and people's liquidity empowers it, it is an asset.