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.
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...