Post
Topic
Board Bitcoin Discussion
Re: $10m worth of BTC to float on market by Winklevoss bros (of Facebook fame)
by
richard_dein
on 08/07/2013, 13:46:04 UTC
The difference is that land has intrinsic value. Bitcoin has none. Its only long-term value is as a currency. Currencies have no value if they aren't used as means of exchange.
Unlike land that's expected to be associated with natural resources, the value of "empty land at the center of a city" is often based on the economic activity that surrounds the land. Roughly the same for Bitcoins.