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Interesting article, but perhaps the more important question is what exactly is the reason why we should have "small cryptocurrencies" in the world at all.
by CPLX 8y ago
Interesting article, but perhaps the more important question is what exactly is the reason why we should have "small cryptocurrencies" in the world at all.
- R3DJOK3R1 8y agoIt is the free market
- wyldfire 8y agoNewly introduced cryptocurrencies are likely to be "small" by necessity. That doesn't mean that they can't add value beyond Bitcoin and friends.
- gruez 8y ago>Newly introduced cryptocurrencies are likely to be "small" by necessity not if you fork. see: bcash's price of ~0.1BTC upon forking.
- brokensegue 8y agosmall can be defined in terms of hash power
- earenndil 8y agoIf it's so easy so fork a cryptocurrency at high value, why don't you make a crypto fork that's worth 0.1BTC.
- deleted 8y ago[deleted]
- CPLX 8y agoRight, and what is that value, beyond additional speculation?
- chrisco255 8y agoDifferent technical solutions solving the problems of scalability, privacy, smart contract execution, governance, sidechain platforms, language and runtime improvements, etc. In any other tech, there exists a myriad of competing technical solutions, why should crypto be any different? And why should you presume that speculation alone is the driver behind all of them?
- deleted 8y ago[deleted]
- Bjorkbat 8y agoSame reason we have so many javascript frameworks I suspect.
- gexla 8y agoLooks like the "proofof.js" namespace is available if you wanted to create another JS framework.
- kerng 8y agoMaybe the answer is the Token concept, and building on top of existing larger blockchains for smaller corner cases.
- AJ007 8y agoWe have so many small cryptocurrencies because so few buyers from last years boom bothered to read or understand anything about how Bitcoin worked.
- TangoTrotFox 8y agoI think this question is similar to me asking why we should have any "reality television" at all. The existence of a non-zero price demonstrates there is a demand, and quite substantial, for small cryptocurrencies. Just because they may not be your cup of tea ought not lead you to be judge, jury, and executioner in terms of their right to exist.
- ben_w 8y agoPerhaps not “executioner”, but we have every right to be jury. I’m open to the observation that prohibition seldom (or never) fully achieves its goals, and the possibility that it can make things worse, but right now — based on all I know — my metaphorical jury vote would be “bitcoin is bad even for the goals people state when trying to promote it”.
- CPLX 8y agoWe should have reality television because people find it to be entertaining. That doesn't answer the question about small cryptocurrencies though. Or perhaps it does.
- TangoTrotFox 8y agoAccording to some. In my opinion reality TV does little than dumb down people and drive the normalization of emotion over logic that is playing a significant role in harming the country and the deterioration of American collective intellect - we're really not all that far from the satire of Idiocracy where people tune in to watch others get kicked in the balls. In either case, entertainment is just another form of a "want". There are clearly people that want reality TV as judged by the shows' ratings. And there are clearly people that want small cryptocurrencies as judged by their market values. And the nice thing about a free country is that people are and ought be free to make their own decisions, even when many of us may feel such decisions are idiotic.
- CPLX 8y agoRight but I'll sit down and watch a reality program because I want to be entertained. That's understandable. I can see buying a smaller or alt token because I hope to profit from speculating on it, that makes sense to me. What's the other reason?
- CyberDildonics 8y agoThey exist because people made them. I'm sure there are lots of things that exist despite what you want.