Re:The troubled history of the Bitcoin exchange MtGox
by rayiner on Wednesday February 12, 2014 @01:23PM
(#7226170)
A great example of the difference between investment and speculation. Pouring money into a company without a product helps fund development of that product.
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Re:The troubled history of the Bitcoin exchange MtGox
by waterlesscloud on Wednesday February 12, 2014 @01:49PM
(#7226384)
People buying shares on a secondary market aren't really helping fund product development, at least not in any direct way.
But you'll still see folks putting large sums of money into something like a small biotech company that doesn't have a working product yet.
It's speculation, of course, but that's the point. People speculate all the time, some of them with large sums of money. Shouldn't be surprising news.