2 ms·
the value backing AMZN shares is the value of the utility that amazon, inc provides to society.
by notatoad 9y ago
the value backing AMZN shares is the value of the utility that amazon, inc provides to society.
- nxsynonym 9y agoExactly. The value of the shares are tied directly to the output and monetary value of the company they are backing - and not hype and word-of-mouth.
- notatoad 9y agothere's definitely some hype and word of mouth involved in corporate valuations. but it's at least somewhat based in reality.
- neosavvy 9y agoI agree, I was discussing the total market cap of all coin offerings in general as being around $500B which is just over half of the value of Apple. I'd take ownership in Apple all day over any coin, as I suspect more people out there value the Apple Stock over the ever-increasingly tough to exchange Bitcoin.
- criddell 9y agoYeah but if the world economy collapses so completely that the main value of gold is as a weapon to hit people with, your shares of Amazon will probably be about as useful as your Bitcoin wallet.