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A comment on Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption. Parent comment

Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by scotty79 on Sunday November 26, 2017 @06:43AM (#15780468)
Bitcoin is backed by same thing art is: scarcity, durability, transferability. Anything with these qualities will appreciate in value as wealth of civilisation grows.
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Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by notahacker on Sunday November 26, 2017 @06:53AM (#15780503)
Penny stocks are also scarce, durable and transferable...
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Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by TrickyRick on Sunday November 26, 2017 @06:58AM (#15780523)
Penny stocks are generally not scarce (You can buy a lot of them) not durable (Companies tend to go bankrupt). Gold would be a better analogy.
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Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by notahacker on Sunday November 26, 2017 @12:00PM (#15781751)
People can't create new types of gold by taking an open source coin and forking it...
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Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by TrickyRick on Sunday November 26, 2017 @03:14PM (#15782741)
Gold is only analogous to Bitcoin (or any one specific crypto), not the entire phenomenon. People can create new companies and list their stock but that in itself has no impact on stock prices.
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