Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id 43427BB3 for ; Sat, 27 Jun 2015 19:55:29 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-qc0-f173.google.com (mail-qc0-f173.google.com [209.85.216.173]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id AC3D815F for ; Sat, 27 Jun 2015 19:55:28 +0000 (UTC) Received: by qczu9 with SMTP id u9so9844786qcz.3 for ; Sat, 27 Jun 2015 12:55:28 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20120113; h=mime-version:in-reply-to:references:date:message-id:subject:from:to :cc:content-type; bh=pSuUBWZZzO+73WS+OYLnfSLef27/DplGjlrf/UQ5zzk=; b=zCC/bB+Xv43WqujqcOv+VVd2QJzIOj26ss/2buVWfrybvZ6M/OlL4rYtEHF/c1TNCg YzTvnAaJ12PSM8zUBlX43vWuknX6FDJq81QKzgTFHT5y2AA9e1HM5BBEWyT8KaRvnFQZ WghPs3FKp6hvwSdNjNHaQVhn9fxZ5mvhZFXKimTXVbIUMznsTDQsjYuCQhGn2/dqoj2A aLMsnsLZVagg/6D6upls3cJiMNB5Oj+gNzwYYW+RJuk6WoBmzBDd2ZbYy37Qv22p4GRT Z3fDcTSb9DNrqWVsyXAh9cmPgjKgszanvZLd967VPB47QMfBH5TYe9268cOFplUmYrw6 rGyg== MIME-Version: 1.0 X-Received: by 10.55.25.40 with SMTP id k40mr17360270qkh.30.1435434927970; Sat, 27 Jun 2015 12:55:27 -0700 (PDT) Received: by 10.140.91.37 with HTTP; Sat, 27 Jun 2015 12:55:27 -0700 (PDT) In-Reply-To: <558E78CB.7070207@mail.bihthai.net> References: <20150627074259.GA25420@amethyst.visucore.com> <20150627095501.C59B541A40@smtp.hushmail.com> <558E78CB.7070207@mail.bihthai.net> Date: Sat, 27 Jun 2015 12:55:27 -0700 Message-ID: From: Aaron Voisine To: venzen@mail.bihthai.net Content-Type: multipart/alternative; boundary=001a1147eb8cfae0ae0519853cb8 X-Spam-Status: No, score=-2.7 required=5.0 tests=BAYES_00,DKIM_SIGNED, DKIM_VALID,DKIM_VALID_AU,FREEMAIL_FROM,HTML_MESSAGE,RCVD_IN_DNSWL_LOW autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Cc: bitcoin-dev@lists.linuxfoundation.org Subject: Re: [bitcoin-dev] The need for larger blocks X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Development Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Sat, 27 Jun 2015 19:55:29 -0000 --001a1147eb8cfae0ae0519853cb8 Content-Type: text/plain; charset=UTF-8 On Sat, Jun 27, 2015 at 3:19 AM, Venzen Khaosan wrote: > > That is a false assumption. Given the increased adoption of Bitcoin by > users and businesses during the past year, does the price chart > reflect greater value or price? Of course not, the price chart is at > terminal lows. Fact not fiction. > You're not taking speculative cycles into account. For most of 2013 the price was in the $100 range. Adoption as a store-of-value is what determines the price over the long term, as with any monetary commodity. --001a1147eb8cfae0ae0519853cb8 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable
On Sat, Jun 27, 2015 at 3:19 AM, Venzen Khaosan <v= enzen@mail.bihthai.net> wrote:
=

That is a false assumption. Given the increased adoption of Bitcoin by
users and businesses during the past year, does the price chart
reflect greater value or price? Of course not, the price chart is at
terminal lows. Fact not fiction.

You= 9;re not taking speculative cycles into account. For most of 2013 the price= was in the $100 range. Adoption as a store-of-value is what determines the= price over the long term, as with any monetary commodity.
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