16 lines
673 B
Markdown
16 lines
673 B
Markdown
# Crypto Asset
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A digital asset that is traded on a [[blockchain]].
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Crypto assets have no [use-value](use-value.md), no [fundamental-value](fundamental-value.md), and no [income-cashflows](income-cashflows.md) and are a pure manifestation of the [greater-fool-theory](greater-fool-theory.md).
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## Comparables
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* Zero-coupon perpetual bond
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* Unspendable [currency](concepts/currency.md)
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* [equity](concepts/security.md) with no cash flows or dividends
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* [commodity](concepts/commodity.md) with no use value
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* Exchange traded pyramid schemes
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* [derivative](concepts/derivative.md) contract with no underlying
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* [libertarianism](ideologies/libertarianism.md) performance art
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