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A comment on What Bitcoin Is, and Why It Matters.

Re:What Bitcoin Is, and Why It Matters by ender7 on Thursday May 26, 2011 @12:48AM (#2586641)
To me, Bitcoin just seems like a form of electronic gold. Limited supply; no significant intrinsic value; no backing government or other body. Conversion to real currency is commonplace but not exactly convenient.

Is this way of looking at it a poor predictor for the way it will behave in the market?

[ Parent | on HN ]
Re:What Bitcoin Is, and Why It Matters by erikpukinskis on Thursday May 26, 2011 @05:39AM (#2587139)
Bitcoin has properties A, B, and C. Currency Q also has properties A, B, and C. Therefore Bitcoin will behave like Currency Q.

Except that Bitcoin has properties D, E, and F. Will D, E and F impact how it behaves in the market?

Probably.

[ Parent | on HN ]