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Date: Sat, 27 Jun 2015 12:55:27 -0700
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From: Aaron Voisine <voisine@gmail.com>
To: venzen@mail.bihthai.net
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Subject: Re: [bitcoin-dev] The need for larger blocks
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On Sat, Jun 27, 2015 at 3:19 AM, Venzen Khaosan <venzen@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'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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<div dir=3D"ltr">On Sat, Jun 27, 2015 at 3:19 AM, Venzen Khaosan <span dir=
=3D"ltr">&lt;<a href=3D"mailto:venzen@mail.bihthai.net" target=3D"_blank">v=
enzen@mail.bihthai.net</a>&gt;</span> wrote:<br><div class=3D"gmail_extra">=
<div class=3D"gmail_quote"><blockquote class=3D"gmail_quote" style=3D"margi=
n:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><br>
That is a false assumption. Given the increased adoption of Bitcoin by<br>
users and businesses during the past year, does the price chart<br>
reflect greater value or price? Of course not, the price chart is at<br>
terminal lows. Fact not fiction.<br></blockquote><div><br></div><div>You&#3=
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.</div></div></div=
></div>

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