= 27d567bc2d48d9f40e9ccc20ea370b15)
Lumifer comments on Open thread, Oct. 6 - Oct. 12, 2014 - Less Wrong Discussion
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (332)
No, not at all. Buying stock gives you a legally recognized claim on the company's assets. Companies are rarely valued below their "book value", just the price of everything they own (in cases where this happens it usually means that the market thinks the management will waste these assets before someone pries their hands off them). Bitcoin gives you a legally recognized claim on... nothing.
Even if you think of Bitcoin as a bona fide currency, foreign exchange rates are NOT determined "exactly like stock prices". Thinking bitcoins are equity shares is a category error.