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Bitcoins bought with US dollars last year buy over 40x more than if the dollars had been saved. Bitcoin is here to stay for as long as the internet is.
by ferdo 13y ago
Bitcoins bought with US dollars last year buy over 40x more than if the dollars had been saved. Bitcoin is here to stay for as long as the internet is.
- notahacker 13y agoIf I had a Bitcoin for every dotcom company that saw a >40x YoY increase in market cap that hasn't stayed around as long as the internet...
- Phlarp 13y agoAnd yet I doubt any of these saw 40x YoY increases topping out at a $2.5 billion valuation.
- TylerE 13y agoWebvan got to something like $1.5b Broadcast.com sold to Yahoo for $5.7b
- gwern 13y ago> Broadcast.com sold to Yahoo for $5.7b Smells like success, not failure.
- TylerE 13y agoNot really. Basically everything that was Broadcast.com was shutdown within 8 years. So they basically paid $5b+ to run a service that lost money every year for a few years until they finally just quietly dissolved it. I mean, the broadcast.com guys made out like bandits, the buyers, not so much.
- shadowOfShadow 13y agoThat's what he's saying. This is the new con and the cons are going to make out like bandits.