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Also worth reading: https://news.ycombinator.com/item?id=8410986

Two compelling blog posts by two Bitcoin thought leaders at the same time. Multiple discovery at its best

Also interesting that these posts are coming at a time when Bitcoin's value has dipped to its lowest level in recent months.

Bitcoin has lost some value recently, yes, but what it's bought with that loss is increased merchant adoption. Currently merchants instantly sell bitcoin which causes the downwards pressure on the price you've been seeing. However, as the utility continues to grow this trend will very likely reverse.

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