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by tough
872 days ago
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> 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. |
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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.