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To: DiogenesLamp
Tulips don't have a whole lot of utility compared to blockchains. They never had armies of developers backed by hundreds of millions of dollars of Wall Street capital building a new financial infrastructure around what is widely hailed as a revolutionary technology.

We can compare bitcoin to its alternative, fiat currency, which is currently valued in the trillions (compared to billions for bitcoin) of dollars. When we do, we realize how dramatically undervalued cryptocurrency is by comparison. Government-issued funny money is what is over-valued. Its only inherent value is as sub-standard wallpaper or toilet paper.


19 posted on 11/04/2015 11:58:15 AM PST by Another Post-American (Jesus died for your sins.)
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To: Another Post-American
Government-issued funny money is what is over-valued.

I consider bitcoin to be entrepreneur issued funny money.

20 posted on 11/04/2015 12:12:38 PM PST by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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