"Bitcoin has a coupleof things going for it: one is that it is distributed, with no singlepoint of failure, no "mint", no company with officers that can besubpoenaed and arrested and shut down." —Hal Finney

Reply to this note

Please Login to reply.

Discussion

It also has no earnings report, no intrinsic value, no debt, no book value, no impairment of good will, no EBITDA, no PE, no estimated known reserves, and no way to identify if it is grossly overpriced or underpriced. IT IS TRULY A STRANGE BEAST.

Every time Apple adjusts earnings I get concerned but bitcoins annual earnings meeting seems to be uneventful.