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I can make three conjectures off the top of my head: 1. Bitcoin has some sort of "first mover" advantage which gives it a critical number of investors/PR that
by saalweachter 6y ago
I can make three conjectures off the top of my head:
1. Bitcoin has some sort of "first mover" advantage which gives it a critical number of investors/PR that allows it to keep trading high, and no other coin will ever be able to catch up to it.
2. Bitcoin is actually technically superior to other coins, and it won't be supplanted until whatever the special sauce is, is replicated.
3. Something is hinky in the Bitcoin markets, eg, Tether, and this explains its divergence from other coins.
- londons_explore 6y agoDoes Tether have a direct relationship with Bitcoin in a way that for example Ethereum doesn't? I was under the impression that all places that trade USDT do so with all major cryptocurrencies.
- 4AoZqrH2fsk5UB 6y agoRe: technically superior Can you elaborate? I was under the impression that it had notable failings, including privacy, compared to something like Monero
- saalweachter 6y agoShit, I don't know; I'm conjecturing here.
- lccarrasco 6y agoLower privacy can be a failing from a consumer point of view, but an advantage for regulated businesses.
- meowster 6y agoDon't businesses like keeping their financials private? (At least that's what I learned in a business class 20 years ago.) Perkins Coie released a report [0] saying that privacy coins are compatible with regulation. [0] https://www.perkinscoie.com/en/news-insights/anti-money-laundering-regulation-of-privacy-enabling-cryptocurrencies.html https://www.perkinscoie.com/en/news-insights/anti-money-laun...