[eaurouge]

> Sure, but that’s my point exactly.

> You need an offramp.

> The only offramp is someone else (or some exchange) buying your stocks.

> They would be the “greater fool” in this case.

> Even if you earn stocks, that stock came from a “lesser fool.”

> You’re just the intermediary.

[LegionMammal978]

> The only offramp is someone else (or some exchange) buying your stocks.

So dividends, buybacks, and takeovers don't exist?

[dartos]

FYI saying that someone else is also a greater fools game, doesn’t do anything to show that crypto isn’t.

[tough]

> Sure, but that’s my point exactly. > You need an offramp.

> The only offramp is someone else (or some exchange) buying your fiat.

> They would be the “greater fool” in this case.

> Even if you earn stocks, that stock came from a “lesser fool.”

> You’re just the intermediary.

[dartos]

That’s just not true.

I can purchase food and shelter directly with fiat. (There may be some areas where crypto can do that too, but it’s far from the norm)

That’s not a merchant “buying” my money with other representations of wealth, that’s me purchasing food and shelter. Framing it like that is a bad faith argument.

And yeah, I’d say stocks without dividends is also a greater fool’s game.