No, Synaptic, let's stay with the same post and examine that, for the sake of clarity.
A number of people have mentioned how great BTC are for international currency transport and exchange and they're correct, though this use doesn't require any valuation higher than relative parity with the strongest currencies; In fact it still works perfectly fine at 10:1 or even 100:1, the only reason for it to be higher is greedy miners hoarding to artificially restrict supply.
What are you saying here exactly? That for international currency transfer and exchange we don't need a BTC value of more than $1? That's a total of $6m?
Explain.
Look I'm getting really fucking tired of your inability to comprehend the very words you're reading...
This isn't about you.
Well I'm sorry that I have no interest in throughly explaining myself to someone who doesn't understand what I've already written. I hope that someone else wouldn't mind "translating" or elaborating for you.
Let's me see here...
It seems that in order to make OP's assertion valid, one must simply rephrase "The long term trend for bitcoin value is contraction, not expansion." as "The long term trend for fiat/bitcoin exchange rates is contraction, not expansion."
See, we no longer talking about bitcoin's value--only about the ability of market makers (like MtGox crew, etc) to maintain fiat/bitcoin current exchange rates for more than a month or two. OP is right, bitcoin's true value is WAY BELOW current exchange rates due to bitcoin not having any economy to call Home. So, stop worrying about the exchange rates that market makers are feeding you every day. Instead, start offering your bitcoins to merchants... Let's see if they do value BTC more than their local fiat currencies.
Absolutely. You've summarized quite accurately.
Now, my OPINION is that BTC will never find a use with the wider public because it's "advantages" are really quite meaningless to your average consumer, and CERTAINLY don't outweigh the glut of inconveniences inherent to it.
But what's not opinion is that the exchange rate is massively overvalued and is now headed down to a more accurate valuation as the hype continues to subside.
It is opinion. The only thing we know for sure is that their are offers and bids in the high thirteens right now. Everything else is opinion. Value is what a willing buyer and seller agree on.