Let me explain what it is I'm trying to achieve, but first of all, let me summarize what I believe. I do not believe in the intrinsic value of material things. A ton of gold is worthless to a starving man who can't find a farmer. In other words, "intrinsic value" is a human invention. The value of something is determined by what another person is willing to pay for it
So what am I trying to do? I am trying to create a market where people determine the value of Bitcoins when they buy and sell them with one another. A classical market. Unfortunately, it is unrealistic to have a centralized system for trading. A centralized system requires a centralized account, whether PayPal, a bank, or other. A centralized account is a bad idea. This is why I'm creating a system that allows people to trade cash directly with one another. At the same time, I want to retain the basic elements of a classical market. This will not be easy.
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