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# Asset Comparison Table
Comparison of different asset classes.
| | Monetary | Deflationary | Use Value | Fundamental Value | Income | Productive | Security | Speculative |
| --------- | ----- | ------------ | --------- | ----------------- | ------ | ---------- | -------- | ----------- |
| Currency | ✔️ | ❌ | ✔️ | ❌ | ❌ | ❌ | ❌ | ❌
| Stock | ❌ | ❌ | ❌ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️
| Bond | ❌ | ❌ | ❌ | ✔️ | ✔️ | ❌ | ✔️ | ❌
| Bitcoin | ❌ | ✔️ | ❌ | ❌ | ❌ | ❌ | ✔️ | ✔️
| Commodity | ❌ | * | ✔️ | ❌ | ❌ | ❌ | ✔️ | ❌
| NFT | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ | ✔️
* (*) depends on the particular commodity

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# Blockchain
A data structure that maintains a list of transactions that are authenticated using public key cryptography and linked using a hash function.
A data structure that maintains a list of transactions that are authenticated using public key cryptography and linked using a hash function. A blockchain is a partial ordering of transaction event into windows of discrete time by which the transactions are problematically committed to a shared history which is synchronized via a [consensus-algorithm](consensus-algorithm.md).
A blockchain is the technical underpinnings for [crypto assets](cryptoasset.md) such as [bitcoin](bitcoin.md) and [ethereum](ethereum.md).

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# Cartel
An economic cartel use a non-public agreement to restrict the supply or fix the price of an asset. A cartel is a formal type of [market-manipulation](market-manipulation.md). Cartels are considered to be against the public interest.
An economic cartel use a non-public agreement to restrict the supply or fix the price of an asset. A cartel is a formal type of [market-manipulation](market-manipulation.md). Cartels are considered to be against the public interest because of the potential [asymmetric-information](asymmetric-information.md) to reduce trust in [markets](market.md).
Crypto exchanges operators act as economic cartel which can distort price formation. See [stablecoin](stablecoin.md).
Crypto exchanges operators act as economic cartel which can distort [price-formation](price-formation.md). See [stablecoin](stablecoin.md).

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# Central Bank Digital Currency
A digital [currency](currency.md) issued by a [central-banks](central-banks.md).
A digital [currency](currency.md) issued by a [central-banks](central-banks.md) often shorted as CBDC. The implementation and wise-scale use of CBDCs is a hypothetical technology. Many experimental implementations do not use a [blockchain](blockchain.md) and are based on centralized database technologies and do not require a [consensus-algorithm](consensus-algorithm.md). This makes CBDCs technical underpinnings significantly distinct from [crypto asset](cryptoasset.md) which are allegedly [decentralized](decentralization.md).
## Examples
* Chinese Digital Yuan
* Bahama Sand Dollar
## References

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# Market
A market is defined as the sum total of all the buyers and sellers with regards to the buying and selling of assets. The purpose of a market is to do price discovery to determine [market-value](market-value.md) of goods and services.
A market is defined as the sum total of all the buyers and sellers with regards to the buying and selling of assets. The purpose of a market is to do [price discovery](price-formation.md) to determine [market-value](market value.md) of goods and services.
The business of creating markets is known as [market making](market-maker.md). The business of [gambling](gambling.md) is not market making as no goods or services are exchanged.

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# Private Money
A [currency](concepts/currency.md) issued by a private party instead of a nation state.
A [currency](concepts/currency.md) issued by a private party instead of a nation state or [central-banks](central-banks.md).
## American Wildcat Banks

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# Web3
An umbrella marketing term for a variety of endeveaours to integrate [cryptoasset](cryptoasset.md), [nft](nft.md), [dao](dao.md), [defi](defi.md) and [smart-contracts](smart-contracts.md) into existing internet infrastructure.
An umbrella marketing term for a variety of endeveaours to integrate [crypto asset](cryptoasset.md), [nft](nft.md), [dao](dao.md), [defi](defi.md) and [smart-contracts](smart-contracts.md) into existing internet infrastructure.
## Citations