988 B
988 B
Crypto Asset
A digital asset that is traded on a blockchain.
Crypto assets have no use value, no fundamental value, and no income-cashflows and are a manifestation of the greater fool theory.
Examples
Comparables
Crypto assets have no direct correspondence in traditional markets, but have several pathological equivalences of traditional assets with absurd premises or terms.
- Zero-coupon perpetual bond
- Unspendable currency
- Equity with no cash flows or dividends
- Commodity with no use value
- Exchange traded pyramid-scheme
- Derivative contract with no underlying
- Libertarian performance art
- Self-organizing ponzi-scheme