In comarison with stocks I see Bitcoin as quite safe investment. I know a technological company which from 500M went to about 25M in about a year (that's 20x less or 5% of the original value). The cause was obvious - too optimistic future views, "complicated" accounting etc..
If this can happen to a company listed on NASDAQ in 2012 (loooong after Enron), I think Bitcoin will do just fine
Thats very true. I hope that bitcoin will end up ok, its spirit is beautiful. Maybe the whole picture isn't so Enron after all.
But...
Having to choose from these 3 (ms, apple, enron) ms and apple have never 'lived off of its stock value'.
Both ms and apple have foundation (ms==software+monopoly, apple is(was) very innovative design, 'think out of the box' electronics),
Bitcoin does have some foundation (anonymous no-govt banking) but unfortunately something is still missing (money in or out of the 'system').
Enron turned into a 'companying company' and the stock exchange frenzy bitcoin currently experiences gives me that Enron feeling..
And somehow it's fun talking about these criminals.. These guys were stupid and smart at the same time, if they had chosen another path(less stupid) they could have been rich beyond
their dreams.
