This is false. Cryptocurrencies might have things in common with money and equity but they are fundamentally a new asset class with some distinct characteristics that none of those two have.https://twitter.com/muststopmurad/status/1022453649778388993 …
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PoS cryptocurrencies sort of have cashflows.
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That's dilution of non-staking members and a transfer to staking members, not productive extraneous cashflows. More of a redistribution than a cashflow.
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Wait, you’re not familiar with transaction fees?
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Yeah you're right. The fees can be considered as productive flows
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but the inflation part isnt, in my view
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I mean the fees, yes. Programmatic inflation is not cashflow.
End of conversation
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This is true of some cryptoassets. Others are closer to equity. To use your analogy they’re “abstractions of equity-like rights wrapped in software.”
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true. i talked of Cryptocurrencies in the original tweet tho :)
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Totally fair, that’s on me. Most people don’t differentiate between cryptocurrencies and cryptoassets
End of conversation
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It is new because it is wrapped in software and uses cryptography. Moreover, because of this new technology, a second layer on top of the ledger lead to smart contracts which may produce a yield
Thanks. Twitter will use this to make your timeline better. UndoUndo
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