Bitcoin Bubble Makes Dot-Com Look Rational

Re:Bitcoin Bubble Makes Dot-Com Look Rational by Nursie on Tuesday November 28, 2017 @06:54AM (#15796377)

You remember that there were other social networks before facebook dominated everything, right? Network effect now is no guarantor of the future.

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Re:Bitcoin Bubble Makes Dot-Com Look Rational by kss238 on Tuesday November 28, 2017 @07:04AM (#15796438)

That doesn't mean Facebook is overvalued though. Just because it's value could disappear doesn't mean it has no value.

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Re:Bitcoin Bubble Makes Dot-Com Look Rational by Nursie on Tuesday November 28, 2017 @10:03AM (#15797817)

It doesn't mean BTC is overvalued either. But BTC could well prove to be cyrptocurrency's Friends Reunited or Bebo.

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Re:Bitcoin Bubble Makes Dot-Com Look Rational by 0bsidian on Tuesday November 28, 2017 @06:58AM (#15796413)

I don't think I claimed that anything is a "guarantor of the future".

I am simply pointing out that networks are valued with reference to their size, not on whether their code base is unique.

Bitcoin and Facebook are two examples of this principle.

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Re:Bitcoin Bubble Makes Dot-Com Look Rational by Nursie on Tuesday November 28, 2017 @09:30AM (#15797555)

Indeed they are, I'm just pointing out that such can be fleeting. Facebook in particular is a good example of a second or third generation product gaining dominance.

I'm not sure "price discovery" is really what we're doing at the moment.

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