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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 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.

[ Parent | on HN ]
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...
[ Parent | on HN ]