First, I like bitcoin, I invested in it, but in reality it is not nearly as big as some people talk it up to be.
Fact. Market share of bitcoin- not even 8 billion USD.
Fact. Facebook bought Whatsapp for more than 19 billion USD.
That means that bitcoin as a service has a value of less than half of Whatsapp, a simple text messaging app for sending free texts and pics from smartphone to smartphone.
Yes, maybe Facebook overpaid for Whatsapp, but still...... for all the hours of development and years of coding and work done on the bitcoin code, a simple iphone/android app for sending texts is worth more.
Just something to think about.
By that logic Bitcoin is worse less then the value of a website. That website might be Facebook but it is still less then the value of a website.
Everyone knows Whatsapp was hugely overpriced and every shareholder of Facebook lost some real dollars the moment that overpriced purchase was made.
That was easily one of the worst purchases of the year in my opinion not for its utility but because I don't see it covering costs
“Fifty years ago, no 55-person company was bought for $19 billion. And that’s a good thing,” Gates said on “This Week” Sunday.
http://abcnews.go.com/blogs/politics/2014/03/bill-gates-on-whatsapp-acquisition-zuckerberg-bold-and-aggressive/I guess I'll wait though
While speaking of Facebook’s Zuckerberg, Gates said, “It’s an example of how he’s an out-of-the-box thinker, he’s aggressive, I hope it works out for him– not everybody would’ve done it. I’ll say that for sure.”