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Please elaborate, how is it a negative sum game?

• librish 4y ago
  For every person taking money out someone else has to put money in (which would be zero-sum) plus the miners taking their cut.
  • doorman2 4y ago
    By that definition, which financial instruments aren't negative sum? E.g. stocks trade hands in a very similar way, and companies can always issue new shares.
    • dragontamer 4y ago
      Company sells stock. The money builds a new factory. Or in the case of Google, a data center, or other such item that allows the company to make more money. Later, when the company is worth more, the shareholder sells the stock back and/or gets a dividend (aka, a slice of the profits). Everyone wins. -------- In contrast, the BTC you bought was likely made using stolen electricity. So we're already negative sum to the start.
      • doorman2 4y ago
        The same thing could happen with crypto. A smart contract developer sells crypto to fund development of a smart contract. That smart contract can provide new utility and drive demand for the currency.