No, as I already alluded, I feel other cryptocurrencies that fix Bitcoin's flaws or use blockchain technology (which do seem to be using the Bitcoin blockchain, even that Barclay's outfit I mentioned) have more upside potential at this point. The novelty is no longer in being a cryptocurrency, but in the actual end-user "killer app" potential now. Let's face it, the vast majority of humanity doesn't give two shits that Litecoin uses a different mining algorithm, its just not relevant in a real world use case.bitcoininthevp wrote:So bitcoin is not a _buy_ for MG then?
I do think that given the hasing power and electricity used that in combination with regular difficulty increases and a fixed amount of Bitcoins to be mined, one could arrive at a fair value estimate. Have you seen anyone attempt to do this?