Re:Greenspan Says Bitcoin a Bubble Without Intrinsic Currenc...
by mcantelon on Friday December 06, 2013 @01:59PM
(#6862889)
>Best part: your dismissal dings him for not calling earlier bubbles, in a story where he calls a bubble.
I think it's up to history to determine whether Bitcoin's a bubble or not. Rather than a bubble, it may simply be the first of a new type of digital commodity backed by computing power. There was a time when a domain like sex.com could be had for very little money. Now it's worth significantly more money. Is that due to being a bubble or simply it being prime real estate (which BTC might be compared to altcoins)?
I think it's up to history to determine whether Bitcoin's a bubble or not. Rather than a bubble, it may simply be the first of a new type of digital commodity backed by computing power. There was a time when a domain like sex.com could be had for very little money. Now it's worth significantly more money. Is that due to being a bubble or simply it being prime real estate (which BTC might be compared to altcoins)?