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by JumpCrisscross
1580 days ago
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> they can take all of their vehicles, buildings, gold, and whatever else they own Uber owns billions of dollars of property, equipment and leases [1]. But your broader point holds. Uber has massive intangible value, which is close to impossible to distribute. The difference between it and Bitcoin is one can buy Uber, all of Uber, and capture that value. M&A is the ultimate disciplinarian of the stock market, much more so than dividend cash flows. (Though the latter ultimately drives the former.) If you buy every Bitcoin, you destroy it. [1] https://www.sec.gov/ix?doc=/Archives/edgar/data/1543151/0001... |
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