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Comment by nishantvyas | Hacker News Reader

1. Can you point any company in recent history that went through bankruptcy/auction to pay is retail investor their money back... or for that matter, most tech companies with negative net income does not pay dividend either...

2. So called, "Money" does not pay dividend... does Gold pays dividend? now on the other hand, I can lend you BTC or Gold and ask you to pay me back the principle + interest on it in BTC/Gold etc so that is that... Fiat money can yield as it can be created of thin air, no actual work required (i.e. mining for Gold or BTC)

3. Any currency, company also can be replaced by something else out there but won't why? network effect, trust and liquidity matters...

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> 1. Can you point any company in recent history that went through bankruptcy/auction to pay is retail investor their money back...

Hertz: https://www.cnn.com/2021/07/01/business/hertz-bankruptcy-car...

1. The point of bankruptcy is liquidating assets to pay debts. Whatever is left after that is distributed to the shareholders.

2. Money does pay "dividend" - it's called "interest".

> Money does pay "dividend" - it's called "interest".

Only if you lend it.

Money sitting around under a mattress tends to lose value due to inflation.

Actual specie, dug out of the ground, tends to hold its value, relatively speaking. Sure, their may be shocks like discovering a whole continent made of gold but those are pretty rare.

Bitcoin, who knows? It simply hasn’t been around long enough for its place on the money pyramid to be found.

Why even make shotgun arguments?

2.a. Gold is an asset and doesn't need to pay dividends as it has intrinsic market value.

2.b. Loans and interest are contractual agreements, i.e. financial instruments unto themselves that generate value. Just because you get suckered into agreeing to a hobby money loan doesn't mean the hobby money has any value.

2.c. Variable cost doesn't equal value either. You can burn a stack of $100 bills but that doesn't mean that brief fire has any value, but it sure as shit didn't help the planet either.

What exactly is the point of this mental gymnastics? For all this talk, how much of your crypto have you actually used as currency to buy things with? 50%? 20%? The typical Bitcoin holder spends 0%. The haters aren't the barrier to your libertarian wonderland--it's the people who actually buy and HODL.

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