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A comment on Bitcoin Bubble Makes Dot-Com Look Rational. Parent comment

Re:Bitcoin Bubble Makes Dot-Com Look Rational by shp0ngle on Tuesday November 28, 2017 @06:40AM (#15796283)
Bitcoin has scarcity, but so does Litecoin or Bitcoin Cash

What makes Bitcoin special?

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Re:Bitcoin Bubble Makes Dot-Com Look Rational by kwikiel on Tuesday November 28, 2017 @06:42AM (#15796294)
Network effect - same thing for Facebook. The more valuable bitcoin is the more secure and more resilient. Thus purely by price appreciation bitcoin is doing hiperbitcoinization - once people realize that fundamental value of fiat currency is a myth, more fiat currencies will collapse
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Re:Bitcoin Bubble Makes Dot-Com Look Rational by 0bsidian on Tuesday November 28, 2017 @06:44AM (#15796319)
This is exactly right.

If you create a company and copy Facebook's code, the resulting company will not be worth as much as Facebook.

Why? Because much of Facebooks' valuation derives from its network.

Bitcoin is the same.

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Re:Bitcoin Bubble Makes Dot-Com Look Rational by notahacker on Tuesday November 28, 2017 @07:27AM (#15796579)
The problem with being by design a fungible commodity is that your network lock-in isn't anywhere near as strong as Facebook's. Or AOL's...
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Re:Bitcoin Bubble Makes Dot-Com Look Rational by DINKDINK on Wednesday November 29, 2017 @12:20AM (#15804762)
Right now (it would be possible to change) Bitcoin is more provably scarce than litecoin or bcash.

https://fork.lol/pow/difficulty

Bitcoin is 7X scarcer than bcash.

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Re:Bitcoin Bubble Makes Dot-Com Look Rational by chrisco255 on Tuesday November 28, 2017 @06:43AM (#15796311)
Network effects. It's the reserve currency of the entire crypto ecosystem.
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