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These recent analyses, even if correct, attempt only to compare bitcoin to currencies or commodities. They are not addressing the potential of new functionality
by mcculley 13y ago
These recent analyses, even if correct, attempt only to compare bitcoin to currencies or commodities. They are not addressing the potential of new functionality enabled by features of bitcoin such as multisignature transactions and the nascent payment protocol. They don't address the network affects either. Bitcoin only has to get a toehold on a class of transactions and will then start to become more valuable.