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Why is it that some of us see this thing as a true - to use OP's word - transcendence, while others see it as an impossible and laughable scam with no value? It's as if we've stumbled upon the first printing press sitting alone in a meadow, and as we marvel at the possibilities of such an apparatus we're incessantly distracted by other onlookers who, noting that nobody uses such a thing, endeavor to condemn and deride our exuberance.
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this is quite an interesting way to think about it:
https://bitcointalk.org/index.php?topic=47053