Popping the Crypto Bubble with Nicholas Weaver
Factually! with Adam Conover
00:00
The Crypto Currency Is a Positive Ome Gain
The stock market is a positive ome gain. So i buy my mya mutual funds, and when i eventually sell it a decade or three from now, my gains are not just the difference between what i bought it for and what i sold it for. But note also, thises only on the long term. On the short term, day trading, like robin hood, that's zero sum, that's gamblin. Now, crypto currency starts with zero sum. There's no dividends going in, and there's no utility value of the tokens. Dd, the backers say, so the only value you get is what some other sucker will pay for,. And this is
Transcript
Play full episode
