[1270018080]

At a certain point one can be so reductive and remove enough nuance such that all words lose meaning. We might as well call profit the greater fool theory. Now nothing matters.

Equating crypto to investing in companies is nonsense.

[charcircuit]

>Now nothing matters.

That's my point.

>Equating crypto to investing in companies is nonsense.

Why? Even if you go back to "It's not providing any value to society to buy crypto and resell it at a higher price later to some sucker." It's not like me selling a share to someone else provides society value. Unless I do something for society with the money I made, but the same would apply to money based off profitable cryptocurrency investments.

[clintonwoo]

A high share price allows companies to issue stock on the public market and raise money. Just so you know. So there is valid utility to buying stocks.