24 lines
988 B
Markdown
24 lines
988 B
Markdown
# Crypto Asset
|
|
|
|
A digital asset that is traded on a [blockchain](blockchain.md).
|
|
|
|
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).
|
|
|
|
## Examples
|
|
|
|
* [Bitcoin](bitcoin.md)
|
|
* [Ethereum](ethereum.md)
|
|
* [Dogecoin](dogecoin.md)
|
|
|
|
## 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](bond.md)
|
|
* Unspendable [currency](currency.md)
|
|
* [Equity](security.md) with no cash flows or dividends
|
|
* [Commodity](commodity.md) with no use value
|
|
* Exchange traded [pyramid-scheme](pyramid-scheme.md)
|
|
* [Derivative](derivative.md) contract with no underlying
|
|
* [Libertarian](ideologies/libertarianism.md) performance [art](art.md)
|
|
* Self-organizing [ponzi-scheme](ponzi-scheme.md) |