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The Price Floor of Bitcoin: Bitcoin as Asset and Equity

Tom Loverro Jan 05, 2014
BusinessInsider summarized a post by Brad DeLong at the Washington Center for Equitable Growth asking the question: Placing a floor on the value of bitcoins is… what, exactly? This is an excellent question and one of the core questions that concerns many Bitcoin detractors. Bitcoin can be turned into neither jewelry nor battery, so what is it good for? Gold is useful, but is Bitcoin? Isn't that a "gotcha" for Bitcoin's utility and...
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