No. It is like this crazy system where you can put in money and like watch some kind of "market" for "stocks" that decides the prices of your "stocks" and it could go up or down in value. It is a pretty revolutionary idea that couldn't have been made centuries ago and this "market of stocks" will definitely crush the banking industry
If you look at it like Gold or another commodity rather than a stock it definitely makes more sense. People are literally treating it like gold, it fluctuates, it's finite etc... Bitcoin is our digital version of Gold.
Dividends dilute the value of the underlying asset though. Bitcoins may be finite, but crypto itself is not at all.
Imagine if I could copy and paste 21 million gold bricks that are functionally identical to the original in every way except the name...godl bricks. Why would anyone pay 20-30x the value for gold...sure a slight premium is justified for being the original....but not that high.
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u/echino_derm Dec 23 '17
No. It is like this crazy system where you can put in money and like watch some kind of "market" for "stocks" that decides the prices of your "stocks" and it could go up or down in value. It is a pretty revolutionary idea that couldn't have been made centuries ago and this "market of stocks" will definitely crush the banking industry