intrinsic-value

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Event November 6, 2008 Added May 21, 2026 Updated May 21, 2026 Mailing List

Re: Bitcoin P2P e-cash paper

Ray Dillinger ↔ James A. Donald

Ray Dillinger questions Bitcoin's economic viability: proof-of-work has no intrinsic value, no demand at a positive price, and the technology guarantees about 35% annual inflation.