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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
Verified account
@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    1. Jameson Lopp‏Verified account @lopp 25 Sep 2020

      "Bitcoin is just one big ponzi scheme. I understand what I think you guys think it is but to me it is a ponzi scheme that you get in and you have to be the one not left holding the bag" - @stoolpresidente Oh dear Dave, by that definition every publicly traded asset is a Ponzi.

      149 replies 88 retweets 1,088 likes
    2. Ari Paul  ⛓️‏Verified account @AriDavidPaul 25 Sep 2020
      Replying to @lopp @stoolpresidente

      No, this is the classic divide between “investments” (productive assets with cash flows like bonds, equities, farmland, mines), and speculative assets like most commodities (copper, corn, gold, etc.) Bitcoin is the latter.

      23 replies 7 retweets 121 likes
    3. Andreas Stegmann‏ @ysamjo 25 Sep 2020
      Replying to @AriDavidPaul @lopp @stoolpresidente

      So stocks without dividend payments would be considered a speculative asset?

      1 reply 0 retweets 0 likes
      Arthur Chu‏Verified account @arthur_affect 26 Sep 2020
      Replying to @ysamjo @AriDavidPaul and

      A stock that was *defined* as *never* providing dividends -- a stock that did not actually give you an ownership claim on the profits of a company, or a stock in a company that by nature will NEVER produce profits -- would, indeed, be the same thing as Bitcoin

      12:29 AM - 26 Sep 2020
      • 2 Retweets
      • 8 Likes
      • zzz sarisataka 🇪🇺 🏴󠁧󠁢󠁷󠁬󠁳󠁿 Real Americans are Anti-Fascist. Tim Swanson cgt Police shot a baby and no one cares Pat Kelley 🐋 #teargas Horrible Checkers Lad Appreciator Arthur Chu
      1 reply 2 retweets 8 likes
        1. New conversation
        2. Arthur Chu‏Verified account @arthur_affect 26 Sep 2020
          Replying to @arthur_affect @ysamjo and

          How is this hard to get If I tried to sell you stock in a company and then just told you "The company doesn't do anything, it's just a website, I'm never going to ever have a single customer" would you think I was cheating you or not

          3 replies 2 retweets 14 likes
        3. Arthur Chu‏Verified account @arthur_affect 26 Sep 2020
          Replying to @arthur_affect @ysamjo and

          "Oh, but I'm only issuing 100 shares of this stock so its value can only go up as demand increases"

          2 replies 1 retweet 11 likes
        4. Show replies

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