BITCOIN WUZ FENOMENAL INNOVASHUN. 4 DA FURST TIEM INDIVIDUALS CUD HOLD AN ASSET WITHOUT

COUNTERPARTY RISK AN TRANZFR IT 2 ANYONE ELSE ON TEH NETWORK QUICKLY AN PRIVATELY, IF

DESIRD. IT HAD SUM FLAWS, WHICH INCLUDE HIGH COST OV MAINTAININ TEH NETWORK AN TEH

DISASOCIASHUN OV CONTROL OV TEH NETWORK (GIVEN 2 MINERS) AN OWNERSHIP OV ITZ ASSETS

(BITCOIN HOLDERS). PEERCOIN IMPROOVD UPON BITCOIN BY DRAMATICALLY REDUCIN TEH COST OV

NETWORK MAINTENANCE AN GIVIN CONTROL OV TEH NETWORK 2 TEH OWNERS OV NETWORK ASSETS.

BOTH OV THEES NETWORKZ CONTAIN CRITICAL FLAW WHICH NU RESOLVEZ. THEES NETWORKZ PERMIT

TEH PURCHASE OV SCARCE UNITS USD IN DA NETWORKZ WHICH FUNCSHUN MUTCH LIEK SHAREZ. IF TEH

VALUE OV TEH NETWORK RISEZ, TEH VALUE OV THEES "SHAREZ" RIZE. DIS DYNAMIC HAS BEEN

CRITICAL 2 TEH SUCCES OV THEES NETWORKZ AS IT ALLOWS ANYONE 2 PURCHASE STAEK AN BENEFIT

FRUM PROMOTIN TEH NETWORK. THEES NETWORKZ HAS SIMULTANEOUSLY BEEN PROMOTD AS CURRENCIEZ

BUT HAS NOT FUNCSHUND WELL AS SUCH. CURRENCIEZ MUST HAS STABLE VALUE 2 BE EFFECTIV,

WHILE PEERCOIN AN BITCOIN HAS EXHIBITD EXCEPSHUNAL VOLATILITY. LOTZ DA ARGUE VOLATILITY

WILL END WIF TEH HIGH LIQUIDITY DAT WILL ACCOMPANY WIDESPREAD ADOPSHUN. WHILE VOLATILITY

WILL DECREASE WIF GREATR ADOPSHUN, IT UNLIKELY VOLATILITY WILL EVR BE LES THAN OCCURS

WIF LARGE CAP STOCKZ SUCH AS GOOGLE OR MICROSOFT. DIS AR TEH STILL AN UNACCEPTABLE LEVEL

OV VOLATILITY 4 CURRENCY. LET US SUPPOSE IM WRONG AN DAT VOLATILITY WILL BE ELIMINATD IN

THEES NETWORKZ. IN DAT CASE THEY WUD SERVE WELL AS CURRENCIEZ BUT POORLY AS SHAREZ, CUZ

THEY WUD NOT APPRECIATE, NOR GIV DIVIDENDZ. DIS WUD LIKELY CAUSE SELLOFF OV THEES

"SHAREZ", THEREBY INTRODUCIN VOLATILITY ONCE AGAIN.

TEH CRITICAL FLAW IZ DAT PEERCOIN AN BITCOIN USE TEH SAME FUNGIBLE UNIT 4 SHARE AN

CURRENCY FUNCSHUNS. SHAREZ MUST HAS TEH CAPACITY 2 APPRECIATE AN REFLECT CHANGEZ IN DA

PERCEIVD VALUE OV TEH NETWORK WHILE CURRENCY MUST REMAIN STABLE REGARDLES 2 BE EFFECTIV.

IT IMPOSIBLE 2 ACCOMMODATE THEES DIVERSE PRICIN NEEDZ IN SINGLE UNIT.