[notatoad]

the value backing AMZN shares is the value of the utility that amazon, inc provides to society.

[neosavvy]

I agree, I was discussing the total market cap of all coin offerings in general as being around $500B which is just over half of the value of Apple.

I'd take ownership in Apple all day over any coin, as I suspect more people out there value the Apple Stock over the ever-increasingly tough to exchange Bitcoin.

[nxsynonym]

Exactly. The value of the shares are tied directly to the output and monetary value of the company they are backing - and not hype and word-of-mouth.

[notatoad]

there's definitely some hype and word of mouth involved in corporate valuations. but it's at least somewhat based in reality.

[criddell]

Yeah but if the world economy collapses so completely that the main value of gold is as a weapon to hit people with, your shares of Amazon will probably be about as useful as your Bitcoin wallet.