intrinsic-value

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1 entries

Event November 6, 2008 Cryptography Mailing List 22 messages

"Bitcoin P2P e-cash paper" — Satoshi's first Bitcoin announcement (Oct 2008)

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.