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Blog post from 2008 from one of the suspected creators of BTC. Interesting perspective on the mindset and theory behind BTC.
Unenumerated: Bit gold
If I'm correct in my understanding of this and some of the other myth and theory surrounding BTC I think it means that BTC actually have a predetermined and stable value not linked to the market and instead is controlled by the embedded code running BTC. So anything above that embedded value is just hype or fluctuation and not stable.
Not saying I understand any of that deep mathematical stuff. Just something that occurred to me while I was thinking about the subject.
Still waiting for Mt. Gox to setup my bank info. Oh well, guess I missed the boat. According to a Merril Lynch/Bank of America study released the same time as China's restriction of BTC values should eventually stabilize around $1,300.00 USD.
Interesting anyways
~ LB
~ LB