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by stuxnet 1492 days ago
You’re arguing semantics. No one is arguing that dumping all your money into Bitcoin or PTON specifically is a good idea.

> One, I can buy a Peloton. People pay for Pelotons. Positive sum.

Yes and once Peloton runs out of people to sell overpriced bikes and treadmills to, the valuation will (hopefully) return to reality. Uber continues to lose money on every ride.

If you’re going down the “people pay for it” route, we could say that people also pay for NFTs of monkey pictures.

1 comments

> If you’re going down the “people pay for it” route, we could say that people also pay for NFTs of monkey pictures

I think NFTs are silly, but they are positive value systems. Like art.