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Gambling is a 0 sum game, but Bitcoin is creating value. The lesson I've learned is back up the truck. The media doesn't have a good language to talk about it,

Gambling is a 0 sum game, but Bitcoin is creating value. The lesson I've learned is back up the truck. The media doesn't have a good language to talk about it, and even analysts seem a bit perplexed. There are no earnings to discount to, no cash flow, no coupon, no dividends. The value is what the highest bidder at t0 thinks it is. It could be a rational speculative bubble or it could be the Internet of money. I've really liked the work that the analysts at Needham & Co have done, and their research is worth a read.

Twisell 9y ago
See the people catch up with jargon "Bitcoin is creating value" is very trendy righ now. But I guess I should switch my wallet to micropup as it's creating even more value and it's totally carbon indexed.
RealityVoid 9y ago
What value is that? I don't see it yet. It's promising a whole lot but delivering very little. I guess in this area it's similar with a couple of SF unicorns. I think the concept is sane, I think the potential is there, I think Satoshi was brilliant, but I don't see BTC adoption for the things it promises.
- erikpukinskis 9y ago
  It is a web application that settles transactions, and works in every jurisdiction. That's worth something. It can also generate a bank account for you, allow you to store it in your brain, then delete all record that it ever existed, and then at some later date recreate the account from memory. It can maintain its value during a default of the U.S. federal government. Money has value to the extent it can do things. Dollars can do things Bitcoins can't. Bitcoin can do things dollars can't. These define their relative value.
johnwheeler 9y ago
> There are no earnings to discount to, no cash flow, no coupon, no dividends. Same goes for horse shit. Ever though bout that? It too, is just created. Sure, there's a virtually unlimited amount of horse shit, but if you want the supply limited, I've got a single horse to sell you.

Twisell 9y ago

See the people catch up with jargon "Bitcoin is creating value" is very trendy righ now. But I guess I should switch my wallet to micropup as it's creating even more value and it's totally carbon indexed.

RealityVoid 9y ago

What value is that? I don't see it yet. It's promising a whole lot but delivering very little. I guess in this area it's similar with a couple of SF unicorns. I think the concept is sane, I think the potential is there, I think Satoshi was brilliant, but I don't see BTC adoption for the things it promises.

erikpukinskis 9y ago
It is a web application that settles transactions, and works in every jurisdiction. That's worth something. It can also generate a bank account for you, allow you to store it in your brain, then delete all record that it ever existed, and then at some later date recreate the account from memory. It can maintain its value during a default of the U.S. federal government. Money has value to the extent it can do things. Dollars can do things Bitcoins can't. Bitcoin can do things dollars can't. These define their relative value.

johnwheeler 9y ago

> There are no earnings to discount to, no cash flow, no coupon, no dividends. Same goes for horse shit. Ever though bout that? It too, is just created. Sure, there's a virtually unlimited amount of horse shit, but if you want the supply limited, I've got a single horse to sell you.