Also they've convinced themselves that it's a quantitative science rather than a qualitative one.
You can't scientifically measure utility or value.
Even profits are much more than just numbers on a balance sheet.
These are all subjective and ordinal, while they assume they are all objective and cardinal.
Stating these obvious facts is worthy of ridicule according to them. Like c'mon, these are basic things that's gotta be taught from childhood.
It’s pretty bad. To the point where people regurgitate stupid things they don’t understand like calling bitcoin a speculative asset. Is there such a thing as a non speculative asset in a fiat world? Lol
All value is 'speculative' lol
I think the term was coined by the value investing crowd obsessed with assets that can generate dividends or yield, like stocks, rental property and bonds, and couldn't explain why Gold, Silver, empty land plots, art, etc. go up by multiples in value.
I can understand that.
They want to be able to put numbers on things to forecast their values in the future or calculate what its 'objective' value is to determine whether it's undervalued or overvalued.
I think 'speculative asset' is more of an investment definition rather than an economic one.
My computer is a speculative asset. I was speculating that it would provide me more value than holding cash 😂
Bro no bro
You can generate yields from a computer by aping into shitcoin protocols bro
It's a productive asset bro
It’s productive because it stimulates the economy. Something something exchange of goods leads to surpluses.
https://video.nostr.build/058229f1c166a05e7af121e520613f9bc9d389499fa4cea005ed932b64824f3b.mp4
Is this a Krill podcast?
LMAO
I've only watched Always Sunny because people have made me watch clips/episodes
Rarely disappoints
