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It's not quite so easy to create iterative improvements on the basic elements of the universe, as it is to iteratively improve crypto currency software. It cou
by cb18 10y ago
It's not quite so easy to create iterative improvements on the basic elements of the universe, as it is to iteratively improve crypto currency software.
It could be just as easily argued, probably more persuasively, that bitcoin's first mover status is more of a negative to its future prospects than a positive. This owing in large part to the hugely concentrated nature of the bitcoin currency.
It's hard to see how a bitcoin economy gets off the ground in any meaningful sense when the distribution is arranged like that. It's unlikely to get any enthusiastic buy in when people doing so understand that the value of their currency would be subject to the whims of just a few major players in the bitcoin game.
And any rich person capable of make a large bitcoin buy in would be hesitant to do so because their essentially making themselves relatively poorer than the bitcoin barons in doing so.
Figuring out a distribution model that works in concert with a growing digital economy is an open question in crypto currencies.