1.5 KiB
Bitcoin
Bitcoin is the first crypto asset investment. Used as a vehicle for speculation and gambling.
Properties
Bitcoin is not a currency.
Bitcoin is a speculative investment.
Bitcoin is deflationary.
Bitcoin has no fundamental-value.
Bitcoin has no use-value.
Bitcoin has no income-cashflows.
Bitcoin has a present-value of zero.
Bitcoin has a terminal-value of zero.
Bitcoin is a greater-fool-theory asset.
Bitcoin is a form of gambling.
Bitcoin is a non-productive investment.
Bitcoin has a negative expected return.
Bitcoin is a security.
Bitcoin is allegedly a sound money in the Austrian economics school of thought.
Bitcoin is a bubble.
Bitcoin investing is a negative-sum game.
Bitcoin has a narrative economics based on libertarianism, regulatory arbitrage and aspirations of private money.
Bitcoin shares a payout structure similar to a ponzi scheme.
Bitcoin is based on an environmentally destructive consensus algorithm known as Proof of Work mining.