24 lines
981 B
Markdown
24 lines
981 B
Markdown
# Crypto Asset
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A digital asset that is traded on a [blockchain](blockchain.md).
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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 manifestation of the [greater-fool-theory](greater-fool-theory.md).
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## Examples
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* [bitcoin](bitcoin.md)
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* [ethereum](ethereum.md)
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* [dogecoin](dogecoin.md)
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## Comparables
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Crypto assets have no direct correspondence in traditional markets, but have several pathological equivalences of traditional assets with absurd premises or terms.
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* Zero-coupon perpetual [bond](bond.md)
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* Unspendable [currency](currency.md)
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* [equity](security.md) with no cash flows or dividends
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* [commodity](commodity.md) with no use value
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* Exchange traded [pyramid-scheme](pyramid-scheme.md)
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* [derivative](derivative.md) contract with no underlying
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* [libertarianism](ideologies/libertarianism.md) performance art
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* Self-organizing [ponzi-scheme](ponzi-scheme.md) |