S&P Dow Jones Indices to launch cryptocurrency indexes in 2021

Post by andrewmcwatters » Fri, Dec 04, 2020, 2:45 PM UTC

shawnz wrote: post #474

colejohnson66 wrote: post #334

Earlier quoted context omitted.

> I’m enjoying sitting on the sidelines and watching people “invest” in a digital “currency” that you cannot spend, does not produce cash flow, and whose values are determined by other shmucks buying it from previous shmucks. Is that any different than a stock though? You can’t spend stocks, they don’t produce cash flow (ignoring dividends), and their value is what other’s are buying and selling it for. Just as I can…

I think Bitcoin has a promising future, but it is not like investing in stocks. When you invest in stocks it is sort of like giving a loan to a corporation so that they can spend your money on growth, to create more profits, which allows them to become more valuable. That is why stocks are expected to continually grow in value over time. Bitcoin might be many things, like a store of value, transaction network, etc.,…

Post by gthaman » Fri, Dec 04, 2020, 4:21 PM UTC

santahigh wrote: post #497

tybit wrote: post #489

Earlier quoted context omitted.

Most people aren't investing in fiat, they are investing productive assets like real estate or businesses e.g the share market. I don't have strong opinions on fiat vs crypto, primarily because it seems like a boring question. Whatever currency is the future, currency isn't the present or the future of investments, productive assets are.

Most people aren't investing in bitcoin either. Current market cap of bitcoin is ~200 billion dollars. This is so minuscule it qualifies as rounding error on any meaningful scale.

Post by x87678r » Fri, Dec 04, 2020, 5:41 PM UTC

JxLS-cpgbe0 wrote: post #405

x87678r wrote: post #361

Earlier quoted context omitted.

No definitely ponzi. Maybe a central authority is in the definition for ponzi, but I think this is exactly Ponzi without a CA. The whole thing isn't fraud or manipulation because again there is no one single owner, though looking at all the junk on social media there is definitely lots of both.

> this is exactly Ponzi without a CA Which would be...not a Ponzi Scheme. What makes you say that besides "junk on social media?"

Post by flignats » Fri, Dec 04, 2020, 6:17 PM UTC

andrewmcwatters wrote: post #468

flignats wrote: post #278

Earlier quoted context omitted.

The world's first global, decentralized, transparent, immutable ledger has come into existence. And you can own a piece of it by owning Bitcoin. Who knows what it will be used for, but it will be used.

Why in the world would I want that? I can remove write permissions from an SQLite database and rsync it to any VPS in the world for pennies on the dollar. The ledger concept is weird to me. No one is asking for it. And you certainly don't "own" it by owning Bitcoin. You can go download the software and own it.

Post by shawnz » Fri, Dec 04, 2020, 6:36 PM UTC

dwaltrip wrote: post #544

twicetwice wrote: post #523

Earlier quoted context omitted.

While that's true, if we take certain basic human values to be universal for the sake of discussion, it's not unreasonable to say that a loaf of bread has intrinsic value in a way that a dollar clearly does not.

What’s the basis for the distinction or that choice of word? Why not just say bread is more widely valued than a the dollar? There are also many, many situations where I’d rather have dollars than bread.