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You're betting around 30 will survive? What would be the reason for survival of so many?
by sfifs 9y ago
You're betting around 30 will survive? What would be the reason for survival of so many?
- saosebastiao 9y agoIf I'm an american and want to buy something in china, I need to pay renminbi. Typically this happens via some proxy financial institution, who will process the transaction through the various distributed global currency markets. The same could be true in the future of crypto, although national borders may not be the defining trait, but rather the relative properties of a currency and preferences of the sender or recipient. There are enough nuances between crytpocurrencies that there is room for more than a handful.
- tromp 9y agoMany coin founders profit handsomely from their creation, often holding an obscene fraction of coins, or in some cases, gaining ever more through certain gimmicks. They can afford to heavily market their coin and fund further development, even if of technically questionable nature.
- realusername 9y agoThere's a lot of truly revolutionary ideas with some of them, the currency aspect is only the absolute top of the iceberg. I could clearly see 20 to 30 ones which are not just cheap copies of other ones.