web3/concepts/productive-asset.md

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# Productive Asset
Productive assets are [assets](assets.md) which have [income-cashflows](income-cashflows.md) attached to them. Examples include stocks, real estate, and bonds.
[Commodities](commodity.md) are non-productive assets.
[Art](art.md) is a non-productive asset.
[Crypto tokens](cryptoasset.md) are non-productive assets.
## References
* Hanley, Brian P. 2018. The False Premises and Promises of Bitcoin. ArXiv:1312.2048 [Cs, q-Fin], July. http://arxiv.org/abs/1312.2048.
1. Taleb, Nassim Nicholas. 2021. Bitcoin, Currencies, and Fragility. ArXiv:2106.14204 [Physics, q-Fin], July. http://arxiv.org/abs/2106.14204.
* Why Bitcoin Is Worse than a Madoff-Style Ponzi Scheme | Financial Times. n.d. Accessed 20 March 2022. https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0.