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Comment by eropple | Hacker News Reader

Apple does have worth beyond it's stocks because it owns stuff. The chairs in Apple's offices are worth more than some very profitable small businesses, let alone their current working inventory of devices or the parts to make more or the IP that they've generated to make them, or or or ad infinitum.

Cryptocurrencies are a null term. There's no there there.

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we weren't talking about the value of apple's stock or its property aside from the cash it holds on hand. did you just not read what i wrote? the considerable number of downvoters must have made the same mistake as you i guess. the question is whether fiat cash is any more real than cryptocurrencies.

and as for them being a null term, you have no clue what you're talking about or you're intentionally trolling. please don't reply to me.

You are right, I misread. I apologize. Unfortunately, you don't get to decide who replies to you or not, and the "but fiat currency!" is even easier to disabuse: it has societally inherent worth because it can be used to pay taxes even if it is not accepted in any other venue (which of course it is), whereas cryptocurrency's primary use is to grift or be grifted.

That is inherent worth, unless you intend to go full big-brain about the Fall of Society, and at that point nobody is going to care about your digital ledger unless it comes with lead-backed securities.

> chairs in Apple's offices

I’d have mentioned their real estate holdings (offices, etc). Office chairs don’t have a big resale value but real estate often does.

That's kind of my point. ;)

They have tens of thousands of chairs in Apple Park alone. Even if every chair went for $50, Apple could net hundreds of thousands of dollars. There's plenty of small businesses that would kill to net hundreds of thousands of dollars.

> Office chairs don’t have a big resale value

Check out ebay auctions for Herman Miller Aeron, they're still worth something !

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