Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: discostu
Money gets value by the masses agreeing to pretend.

I can own a stock, which is a share of the revenue stream of a company. I can own a dollar, which is a share of the revenue stream of the taxes from producers.

When I own a bitcoin, what do I own? A hope someone buy it from me.

Go trade in your Green Stamps. You might be able to sell it as a collectors item

36 posted on 05/22/2017 2:13:38 PM PDT by FatherofFive (Islam is EVIL and needs to be eradicated)
[ Post Reply | Private Reply | To 35 | View Replies ]


To: FatherofFive

And that stock is worth no more than what somebody else is willing to buy it from you, or if the company is feeling generous and pays out dividends.

And no that dollar actually has NOTHING to do with the revenue stream of the producer. All a dollar is is a piece of paper with symbols on it that most of the world is willing to trade for goods and services.

For most purposes bitcoins are like stocks. If somebody is willing to buy it from you it has that value, if they aren’t it doesn’t. There’s also the theory of using it like money, but so far that still hasn’t gained traction.

My mom still has crap she bought with Green Stamps. They were an effective alternate currency in this country for decades.


37 posted on 05/22/2017 2:19:30 PM PDT by discostu (You are what you is, and that's all it is, you ain't what you're not, so see what you got.)
[ Post Reply | Private Reply | To 36 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson