Topic: 2013-04-08 Forbes "Will BitCoin Be A Facebook or A MySpace? (Read 889 times)
Neither. Bitcoin is unprecedented. And certainly not a stock. With 100x more upside than facebook.
Well, many bitcoiners are now day on Facebook. On the other end, the youngest computer user doesn’t use Facebook that much, just because Mum and Dad are also on Facebook... So, I guess they will invent something else. By the way, I like the btctalk forum at most.
While the author is clearly aware of previous BTC-analogues, there is one serious error in this article, and that is in failing to distinguish between corporate scrip, which has no intrinsic value, and BTC, which does. Simply because BTC has some characteristics in common with things like Linden dollars does not mean they're identical.
Unlike such corporate scrip, BTC has cryptographic integrity. No corporation or central authority can ever devalue it just on their say-so or by suddenly issuing more. Your BTC are your own, period, and nobody can take that away.
Unlike such corporate scrip, BTC has cryptographic integrity. No corporation or central authority can ever devalue it just on their say-so or by suddenly issuing more. Your BTC are your own, period, and nobody can take that away.
I'm liking Forbes magazine's coverage of BitCoin in general, but I found this one quite well thought out.
http://www.forbes.com/sites/kellyreid/2013/04/08/will-bitcoin-be-a-facebook-or-a-myspace-either-way-its-a-revolution/
http://www.forbes.com/sites/kellyreid/2013/04/08/will-bitcoin-be-a-facebook-or-a-myspace-either-way-its-a-revolution/
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