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Same like bitcoin. Even though it has no realworld use in its current form, it might have in the future so people speculate on that.
by mynewtb 9y ago
Same like bitcoin. Even though it has no realworld use in its current form, it might have in the future so people speculate on that.
- amrrs 9y agoNot sure if it's a right analogy. Eventually bitcoin could be traded as an instrument but Magic Leap's case could be never be like that since if they're bankrupt no one would come forward to buy their bonds. People bet on bitcoin just like they bet on Gold or any other entity. People bet on Magic Leap with the hope that Magic Leap could be provide some magic - that eventually could be galloped by AR-hungry companies like Snap, Google, Apple - since all of them always want to beat FB - which already got Oculus.
- bdcravens 9y agoBitcoin has limited use, but I wouldn't say no realworld use. There are some very real places you can spend it, and some provide anonymous advantages (like VPN access). It's also seeing uptake in use for remittance and combatting hyperinflated markets.
- gehsty 9y agoBitcoin has a use now, people use to store their wealth away from prying eyes, I think this is why China recently tried to ban it.... Magic leap could be the future, it could be complete vapour ware, though I like to be positive about these things as they could be doing things the Apple way and will only announce finished products, not technologies....