5 ms·
Stocks are valuable because they're a claim on a stream of future dividends. Bitcoins, in contrast produce no dividends and aren't intrinsically useful. So the
by binarybits 15y ago
Stocks are valuable because they're a claim on a stream of future dividends. Bitcoins, in contrast produce no dividends and aren't intrinsically useful. So the question is why are they valuable at all?
Also, the name-calling isn't necessary.
- mrb 15y agoThat's not the reason stocks have value. For one thing, many stocks don't return dividends. They are valuable because legally a stock owner owns a piece of the company, therefore a piece of its assets (and future revenus which will help grow its future assets.) Secondly, Bitcoin's decentralized nature, unfrozable assets, etc, is inherently valuable because unmatched by any other system.