Quote:
Originally Posted by jb514
No they are paid in Ethereum which they then have to sell in order to capture any economic benefit. A dividend paying stock has an actual business that makes a profit and returns profit to shareholders.
The actual "business" of ethereum is keeping a log of transactions which people are obviously willing to pay for otherwise the value of the coin would be zero.
Example: Alice deposits $10 to coinbase in exchange for 0.05 ETH. She moves the coins to her other address for a $1 fee and has 0.045 ETH left which is worth $9. She has made her first ETH transaction and paid Housenuts(who staked his coins) an equivalent $1 fee for doing so. It is not a ponzi. It is a business.
Last edited by andr3w321; 07-11-2017 at 06:23 PM.