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Bitcoin has a first-mover advantage. Aside from technical insufficiency (another topic) one might suppose that network effect will leave all the imitators in th
by Nomentatus 10y ago
Bitcoin has a first-mover advantage. Aside from technical insufficiency (another topic) one might suppose that network effect will leave all the imitators in the dust.
But...
The idea of convertibility to Bitcoin provides some leverage, and the idea that you'll be supporting creators right to earn from their writing; is motivating.
So, maybe.
There's also the fact that enormous computer resources and energy aren't deliberately wasted creating new coin. That's green.
Letting just anybody create money out of thin air is the sort of thing that govts have traditionally resisted (unless they're the ones doing it with qualitative easing, etc.) Bitcoin got traction because there was no headquarters for a government to shut down, no central database to seize or destroy; will governments decide that they can't monopolize the currency business anymore and let this stuff thrive?