Quote from: Cconvert2G36 on August 15, 2015, 01:16:48 AM

Quote from: brg444 on August 15, 2015, 01:05:32 AM

Quote from: Cconvert2G36 on August 15, 2015, 12:56:35 AM

Quote from: brg444 on August 15, 2015, 12:50:10 AM

Is AAPL competing with fiat as money?

Sorry but that's such a stupid thing to say. I'm sure you can do better than this...

Let me ask you. Did the current 1B$ ecosystem investment, equivalent billion dollar mining infrastructure, incremental userbase and increasing transactions come before or after the price increase?

Of course I'm being silly and hyperbolic, but only to illustrate that market cap isn't some "build it and they will come" metric.

There is a feedback loop between price and user growth, but it can only be sustained with growing utility.

"Yikes"

You still don't get it.

Stop thinking in terms of users. Think in terms of capital. This is not Facebook.

Quote from: Cconvert2G36 on August 15, 2015, 12:56:35 AM

market cap isn't some "build it and they will come" metric.

On the contrary, when it comes to money (or networks for that matter) it seemingly works this way.

Let me borrow from the Facebook example again : create a huge network of people and they will come.

Create a huge network of money and you will attract wealth.

Look I'm not neglecting the positive added effect of these other feedback loops you are referring too. Merely downplaying their importance for the time being as some people have seemingly lost their eyes from the prize.

"When the wise man points at the moon, the fool looks at the finger."

Who plows capital into the ecosystem other than users? More of them = more available capital. More utility = more users. You still don't get it and I'm done trying... for today. Wink

I respect your viewpoint, I just don't completely share it.

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Think of it like this : if the 1% of the world's population who apparently controls around 40% of the world's wealth moved that money into Bitcoin it would do more to strengthen & grow the ecosystem than if 25% of the other people on earth invested all of their savings.

Chew on this one for a bit and see what comes out of it when you're done. It's not exactly a viewpoint as it's pretty much a matter of fact.