Ignore the talk of new paradigms in bitcoin

A single unit of the virtual currency bitcoin this week was worth more than 17 times what it was at the start of the year, yet it wasnt until two bits of information landed here the same week that a reasonable conclusion was finally clear: Bitcoin had left the earthly realm of finance and zoomed off into the thin air of fantasy. Doty suggested theres likely not enough bitcoin to facilitate all the transactions people would use it for. Because as a store of value another good use for currency like the old-fashioned $20 bill bitcoin slipped the rails a long time ago. Clearly, in the last year people have not decided that bitcoin was useful to pay a bill or that its underlying technology sure looks to have a bright future. So please try to ignore the talk of new paradigms in bitcoin, of pure markets beyond the reach of corrupt regulators or innovative math that rules out the chance an asset is mispriced.