Is crypto investment a zero-sum game? Why / why not? There was

Yes
No
Maybe
I don't know
Can you repeat the question?

>>2448238
Right now? Obviously not, because money is being added to crypto at an alarming rate. Take a look at a market cap graph of all currencies. The value is going to rise as more people get involved.

In the long run, assuming crypto becomes a part of daily life... Well, maybe? But isn't the purpose of investment to take advantage of market fluctuations/supply & demand and make money?

tl;dr who cares. make money

Yes, duh. How is this even debatable? The only way you can make money if if you sell it to someone for a higher price. And the only way they can make money is if they sell it to someone for a higher price.

>>2448345
>>2448378

>1st serious response of thread: "Obviously not"
>2nd serious response of thread: "Yes, duh."

And you guys wonder how this topic is even debatable, kek

Trading is zero sum. To profit, someone else down the line is going to have to be a bagholder who will buy at ATH then lose money.

With investing (long term hodl), it's not necessarily zero sum. If you invest in an ICO that becomes useful for everybody in the future, and that people are willing to pay for to use, then everyone benefits.

>>2448238
It's market nihilism. Deep down everybody knows none of this shit has any value. I really just look at it as another way to gamble and make serious gains

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>>2448238
No shit. OF COURSE it is. Anyone saying otherwise does not know the definition.
End of story. Not understanding why this is a debate.

>>2448238
There are two aspects of crypto we need to tease out. The first is mining, which is clearly zero sum. In the case of a coin with a hard cap, like Bitcoin, it is analogous to the cake cutting problem.

When you consider the case of currency trading, as utility functions can evolve over time, you clearly have non-zero aggregate utility, making for a non-zero sum game.

t. PhD in Game Theory

>>2448567
>none of this shit has any value
Maybe the shitcoins you're investing in. Ethereum and Factom have a fuck ton of cost-saving potential.

>inb4 "there are no good dapps out"
Was the internet a useless invention until good websites came out?

>>2448238
its easily one of the biggest wastes of electricity in history.
also governments will SHUT IT DOWN as its rapidly becoming a huge threat to their authority.

Zero sum; no revenue is being generated.

>>2449401
> as its rapidly becoming a huge threat to their authority
Except it's not. It's barely a blip on the radar. Crypto is nothing compared to things like USD.

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>>2448306

looking for a high IQ poster to answer me this

would there be any negative consequences on society if the bank system was abolished and replaced with crypto?

>>2448238
Well so far more than 90 billion net has been made from crypto. 82 billion in just 3 cryptocurrencies, and that all belongs to people who either traded or mined.
So I'd say it's not zero-sum

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>>2448238
Outside of normal market speculation on shit crypto value is tied to how usable it is on goods and services. The more markets, retailers, and professionals that accept bitcoin the more intrinsically valuable it is as a liquid store of value.

This is why I think the meme secondary cryptos are nothing but speculation tools and can go to zero at any time if the market falls under because fundamentally they only function crypto to crypto. Holding bitcoin long term has value however as anyone can see from its ever growing price.

Feels bad that i was a bright eyed bushy tailed high schooler who read up on bitcoin when it was a dollar or two and didn't invest because I didn't believe.

>>2450461
Yes that's a libertarian fantasy. Shit would be pure chaos

>>2450787
you're not a high IQ poster

>>2450461
The feds wouldn't be able to control inflation, AKA you'd have to deal with a market as volatile as bitcoin being your retirement savings.
Bad economy? The normal dollar continues being worth the exact same it normally is. Bitcoin would tank if it was used as currency and the economy went to shit, and if you don't see why that's bad then you have low IQ

>>2448238

Technology creates value from less valuable things, or even from no material thing, like software.

Sand is worthless, but if it is well processed it can be used to create a microprocessor, which is probably one of the most advanced pieces of hardware.

So, yes, the blockchain has an increasing intrinsic value and it seems to create value from "nowhere" because its nature. It is useful, reliable and revolutionary in so many ways!

Leftists believe that value cannot be created. They assume that if you are rich, another one is poor, so they need to distribute it.

Right wing Conservatives know this simple fact: value is relative, it can and is being created by technology. Civilzation exists because it increases value for EVERYONE, and even if some people remain poor, they are still far better than in the wild.

Labor creates wealth you fucking leeches.

Crypto-currencies aren't seperate from our reality. Abstract ideas and information itself are also manifestations of reality. Remember Neo, the Matrix has rules. Entropy and thermodynamics is why all tgings in life are zero sum games.

Yes they're decentralized soup of publicly verifiable algorithms seasoned with various "features" that make the individual coin unique (ignore that most coins are straight bullshit). It doesn't matter what the technopunk crypto enthusiasts will preach about how revolutionary blockchains are (they are, kill all kikes), cryptocurrency today is nowhere near there and will likely not replace traditional fiat without much bloodshed.

What is a bitcoin? A litecoin? Is it the code its described by or is it just ~2400 and ~30usd respectively. If you're talking about a return of investment giving you or draining you net income, or lambos, or a pound of weed then that purchase power is taken from the collective value of all investments (coin) for you to be able to do these things. This isn't spontaneously created from nothing, and furthermore, things like interest is straight thievery if it isnt solely adjusting for inflation. However since this is a game of understood high risk and unregulated markets, fuck the weak. Natural selection, along with every other facet of reality is subject to the laws of

THERMODYNAMICS

>>2449435
False, just because i steal your shit doesnt mean we collectively lost. Just you did

>>2450461
If hitler won ww2 then maybe a government sponsored crypto wouldn't be too bad

>>2452043
>Sand is worthless, but if it is well processed it can be used to create a microprocessor, which is probably one of the most advanced pieces of hardware.

LABOR CREATES ALL WEALTH

>>2448726
>Was the internet a useless invention until good websites came out?
The internet was immediately useful though for its intended purpose.