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A comment on Long Island Iced Tea Soars 500% After Changing Its Name to Long Blockchain. Parent comment

Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by Kiro on Thursday December 21, 2017 @10:22AM (#15979339)
Can we just stop for a moment and look at what people are actually trading here? A decentralised protocol upheld by a cryptographic function. This can't be compared with any stocks or commodity. Maybe the crash will be the same but it is still different.
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Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by beaconstudios on Thursday December 21, 2017 @11:00AM (#15979721)
stocks and commodity holdings are just protocols too though - not technical ones but legal/contractual ones. It's still pretty crazy though given bitcoin doesn't even have a major (legal) use to anchor it.
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Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by kgwgk on Thursday December 21, 2017 @10:45AM (#15979552)
But it can be compared with other decentralised protocols upheld by cryptographic functions, so it’s a commodity of sorts.
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