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I think this guy is very aggressive in this interview, I'm not sure what's the context but he definitely seems pretty fed up with the whole crypto stuff. To be fair, I think a lot of the promises that the crypto-scene has been making for the past 6 or 7 years (specifically when smart contracts started to be a thing) have not materialised. Sure, people have gotten rich, but they haven't gotten rich in any other way th…
Earlier quoted context omitted.
Yes but if you buy all his stocks you get a big chunk of Amazon, the company. If you buy up the rest of it held by other people you’d have all of the warehouses, brand equity, employment contracts, software, computers, and inventory. All of it. The market cap has some relationship (not 1:1 but strongly correlated) to what you’d have to pay to get all that stuff. And if you’d had that stuff you’d be rich. Because thos…
Well, if you literally owned every dollar in existence, those would become worthless pretty fast, too.
Nobody “invests” in literal dollars because they aren’t a productive investment either.
Earlier quoted context omitted.
Well, if you literally owned every dollar in existence, those would become worthless pretty fast, too.
That’s right. And dollars don’t have a “market cap” either. Nobody “invests” in literal dollars because they aren’t a productive investment either.