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Old Today, 05:08 AM   #2281
Samson
Philosopher
 
Join Date: Oct 2013
Posts: 7,538
Originally Posted by Craig B View Post
I must stress that I agree entirely with this assessment. It's very much like the 1846 railway mania. The mania soon popped, but railways remained (and remain) a valuable resource. Over long periods railway undertakings have values that reflect the usefulness of this technology, and the revenues which it secures in the transport marketplace.

If blockchain turns out to be as useful as you suggest, as well it may, it will retain a value too. But it will nor jump from cents per "token" to tens of thousands of dollars, unless it becomes the pretext for yet another speculative bubble.
It sounds more like the internet than a railway line.
We should maybe consider what an "internetcoin" is valued at.
Hang on....
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Old Today, 05:20 AM   #2282
Craig B
Penultimate Amazing
 
Join Date: May 2011
Posts: 21,994
Originally Posted by Samson View Post
It sounds more like the internet than a railway line.
We should maybe consider what an "internetcoin" is valued at.
Hang on....
For some strange reason, people who erect internet paywalls demand payment in "worthless" counterfeit fiat monetary tokens.
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