there's plenty of offramps and onramps from crypto to trad finance.
You can earn your money on crypto, get a debit card, and pay for your food and rent with it.
I've done it.
You can earn your money on crypto, get a debit card, and pay for your food and rent with it.
I've done it.
You need an offramp.
The only offramp is someone else (or some exchange) buying your crypto.
They would be the “greater fool” in this case.
Even if you earn crypto, that crypto came from a “lesser fool.”
You’re just the intermediary.
> You need an offramp.
> The only offramp is someone else (or some exchange) buying your stocks.
> 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.
> 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.
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.
So dividends, buybacks, and takeovers don't exist?
On a kind unrelated note, are there any compelling dapps on eth that aren’t financial tools?
When I was playing around with web3 and dapps in 2020 it seemed like the only dapps around were banking protocols and gambling.