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Board Press
Re: [2014-01-15] How high can the Bitcoin price Go?
by
asdf
on 17/01/2014, 05:54:44 UTC
This is very simple.
The more energy is used in the creation the higher the price. It is a store of wealth because u can not cheat at the creation and know x amount of energy has been used. It will never be a currency unlike XRP's but XRP's are like sand in your hand and will never be a store of wealth, the are just handy to be used daily.

Labor theory of value?

The amount of energy used is determined by the price and block reward.