• aviation_hydrated@infosec.pub
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    3 months ago

    Most assets work that way, if everyone sold Nividia stock then it would tank as well. Most things outside of food and shelter only have value due to our collective belief. Diamond and water paradox is constant in society

      • aviation_hydrated@infosec.pub
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        3 months ago

        I think an asset is anything that can be converted to liquid, so that depends if you think crypto is liquid or not, which probably depends on location

          • aviation_hydrated@infosec.pub
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            3 months ago

            It doesn’t matter what I believe, I was referencing an economic textbook on what an asset and currency are

            What do you believe it to be?

            • symthetics@lemmy.world
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              3 months ago

              It does matter, because with respect you changed what you class it as to support your arguement. Obviously there’s still discussion on how to class BTC, but my understanding is the consensus outside of crypto is it’s a speculative asset.

              That’s also why it would be terrible as a currency, from what I understand.