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<p align = "center">
<b>Bitcoin P2P e-cash paper</b>
</p>
<blockquote><i>Ray Dillinger : <br>
"I think the real issue with this system is the market
for bitcoins.
<br><br>
Computing proofs-of-work have no intrinsic value. We
can have a limited supply curve (although the "currency"
is inflationary at about 35% as that's how much faster
computers get annually) but there is no demand curve
that intersects it at a positive price point.
<br><br>
I know the same (lack of intrinsic value) can be said of
fiat currencies, but an artificial demand for fiat
currencies is created by (among other things) taxation
and legal-tender laws. Also, even a fiat currency can
be an inflation hedge against another fiat currency's
higher rate of inflation. But in the case of bitcoins
the inflation rate of 35% is almost guaranteed by the
technology, there are no supporting mechanisms for
taxation, and no legal-tender laws. People will not
hold assets in this highly-inflationary currency if
they can help it.
 "</i> <br> Ray Dillinger November 6, 2008 <font size="3"><a href="https://satoshi.nakamotoinstitute.org/emails/cryptography/threads/1/#014814" title="Cryptography Mailing List"> Cryptography Mailing List November 3, 2008</a> </font></blockquote>

<p align = "center">
<font size="2">Owner Log Records for :</font><br>
<img alt="" src="/i/2333.png" width="25"><b> i/2333.png</b>
<img alt="" src="/i/2333.png" width="25"> <br>
Linked 
		<a 
			href="https://opensea.io/item/ethereum/0x495f947276749ce646f68ac8c248420045cb7b5e/796638993731848468553700001337130722622321311759604289543104114225655578625"
			target="_top" title="i/2333.png OpenSea Qora2 NFT">
OpenSea NFT
		</a>
<br>
Linked Qora Name :<br><a href="/menorca" target="_top" title="Qora Name : /menorca">/menorca</a>
on <a href="/i" target="_top" title="Qora Name : /i World Map">/i World Map</a><br>
Owner :<br><a href="/okchai" target="_top" title="Qora Name : /okchai">Okchai</a> since June 2023
<br><br>
 <a href="/aitway" title="aitway's dweb">AITWAY.COM</a> <b>50%</b> off for OpenSea Qora & Qora2  <a href="/opensea/1" title="Qora and Qora2 NFT by okchai">NFT</a> holders
<br>
<br><a href="/i2332" title="/i2332">{ -</a> [] <a href="/i2334" title="/i2334">- }</a>
</p>
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