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To me, Bitcoin just seems like a form of electronic gold. Limited supply; no significant intrinsic value; no backing government or other body. Conversion to rea
by ender7 15y ago
To me, Bitcoin just seems like a form of electronic gold. Limited supply; no significant intrinsic value; no backing government or other body. Conversion to real currency is commonplace but not exactly convenient.
Is this way of looking at it a poor predictor for the way it will behave in the market?
- erikpukinskis 15y agoBitcoin has properties A, B, and C. Currency Q also has properties A, B, and C. Therefore Bitcoin will behave like Currency Q. Except that Bitcoin has properties D, E, and F. Will D, E and F impact how it behaves in the market? Probably.