Dear Daniel,

Thank you for taking the time to write a response and for articulating your views.

You are right in pointing out that at the current moment, the inherent volatility of Bitcoin rules its use as a currency — especially one for the denomination of key commodities such as oil.

The purpose of my piece was a thought experiment to consider a world devoid of a specific hegemony (as idealistic as that may be) to one of decentralized self-governance which would necessitate a vehicle for value transfer free from sectarian interests and biases.

Thank you for taking the time and effort to point out the weaknesses in Bitcoin, they are valid points and thank you for contributing to the discussion.

Yours,

Patrick Tan