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RE: Why Bitcoin Mania Is NOT Tulip Mania

in #bitcoin8 years ago (edited)

Yeah, valuation as shares is what I did. It would most likely not apply as it's open source. It would actually be chaper as an open-source valuation. Intellectual property applies maybe to Satoshi, but not to Bitcoin as it's open-source, the impact is already in the foundation equation. That's the reason Blockstream has probably applied for defensive patents, as of now Bitcoin can claim nothing extra for valuation.

Most of the current price is branding and over-trading small volumes.

This market is not due for a significant correction (I prefer the term fall in price, is less biased) is most likely getting ready for an explosive expansion. If the price is what you worry about, don't. It will increase beyond your wildest dreams. The consequences of this will most likely not be paid by us.