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There's a huge difference in that the apple and MS produce an enormous amount of value and gain mountains of revenue by producing goods and services. Apple's ma
by tootie 5y ago
There's a huge difference in that the apple and MS produce an enormous amount of value and gain mountains of revenue by producing goods and services. Apple's market share could wane the same way as IBM but it won't crash. The value of Bitcoin is 100% notional. It's all demand driven by FOMO. No one needs it. We could lose interest really quickly the way we did with Friendster and it would be dead really quickly.
- ur-whale 5y ago> It's all demand driven by FOMO. No one needs it. That would squarely fall in the "that's my opinion, unbacked as it is" bucket. There are people who actually need BTC. Ask wikileaks, for example.