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Comment: Interesting debate and letter by Erik

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Interesting debate and letter by Erik

I think the intrinsic value debate while interesting is not what will make bitcoin viable or not.
You can argue that bitcoin has intrinsic value or that it doesn't
You can argue that intrinsic value matters or that it doesn't
You can argue that nothing has intrinsic value
The main stumbling block for bit coin is to overcome volatility.
Right now the investor interest in Bitcoin is its biggest threat as people are buying to hold bitcoin so they can sell them at a profit. There is nothing wrong with that but I think it makes up a too large portion of the transactions
The investor speculation damages the ability of the bitcoin price to stabilize so it can be used as a reliable currency.
Bitpay can help but a stable price would go a long way towards trust in use as a currency

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