all that can be done with bitcoin is, in the end, to speculate

It has no inherent value. This, combined with its scarcity and hype, make it an almost perfectly engineered medium for producing speculative bubbles.

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Gender: Male
Hometown: Bay Area, California
Member since: 2002
Number of posts: 1,288

Software engineer who thinks a lot about the future. http://paulkienitz.net/future/

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