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It makes me wonder if Gresham's law [1] will apply to cryptocurrencies. Bitcoin being slow to change and expensive to mine, may give way to other coins that ar
by kristianp 9y ago
It makes me wonder if Gresham's law [1] will apply to cryptocurrencies. Bitcoin being slow to change and expensive to mine, may give way to other coins that are more adaptable and use less energy, such as Ethereum and Litecoin. Litecoin has already implemented Segwit, whereas Bitcoin seems paralysed by a debate that is hard to understand by an outsider.
These other cryptocurrencies are only less energy intensive because they are mined by less computer power. However Eth may introduce POS which will reduce computer power required.
[1] https://en.wikipedia.org/wiki/Gresham%27s_law https://en.wikipedia.org/wiki/Gresham%27s_law