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Yes, my point is, that applies for a single coin. The conceptual shift I'm talking about here is that (my definition of fork here is) /another/ coin. Another co

Yes, my point is, that applies for a single coin. The conceptual shift I'm talking about here is that (my definition of fork here is) /another/ coin. Another coin (like ethereum, doge, whatever) is just another "fork" of "cryptocoin-coin". People in need of cryptocoins, if only one existed, would acquire, buy, mine that one. But now that they have multiple options, it is split between all, to varying degrees. As long as they are interchangeable, they are the same thing pretty much. In a fully cryptocoin future world, when a dogecoin is minted, it affects the value of bitcoin. So any x-coin does not live in a vacuum, and can only be scarce in its own network.

graerg 5y ago
> As long as they are interchangeable, they are the same thing pretty much You keep asserting this as true but I think you are just confused.
- dkarras 5y ago
  If the problem of secure, non-wasteful, convenient, easy to use, programmable and distributed ledger problem is solved once ... how will coin X be different from coin Y? Especially if you can exchange X for Y and Y for X... They will all increase the usable "coin" supply without any singular chain having the means to do anything about it. From there, the scarcity argument goes out the window and becomes an academic exercise (...if we had an isolated single blockchain, this would apply type arguments).
foerbert 5y ago
I'm not sure I follow. If a dogecoin is minted, so what? I don't know why bitcoin or other crypto in particular would care so much more than anything else in the world. They work differently, record different information, and are about as interchangeable as any two different physical things. I'm not sure why it would matter that a coin is only scarce in it's own network. That's the only context it can ever exist in. You can't yank a dogecoin out of the doge network and stuff it into the bitcoin network.
- CRConrad 5y ago
  "I want to buy <<whatever>> and pay with ZCoin, not XCoin." Either the seller accepts ZCoin, or they lose a sale. So sellers need to accept multiple coins; buyers can acquire and pay with different coins. Different coins compete with each other. (Or rather, they would -- if they were actual currencies and not just elaborate technological Ponzi schemes.)

graerg 5y ago

> As long as they are interchangeable, they are the same thing pretty much You keep asserting this as true but I think you are just confused.

dkarras 5y ago
If the problem of secure, non-wasteful, convenient, easy to use, programmable and distributed ledger problem is solved once ... how will coin X be different from coin Y? Especially if you can exchange X for Y and Y for X... They will all increase the usable "coin" supply without any singular chain having the means to do anything about it. From there, the scarcity argument goes out the window and becomes an academic exercise (...if we had an isolated single blockchain, this would apply type arguments).

foerbert 5y ago

I'm not sure I follow. If a dogecoin is minted, so what? I don't know why bitcoin or other crypto in particular would care so much more than anything else in the world. They work differently, record different information, and are about as interchangeable as any two different physical things. I'm not sure why it would matter that a coin is only scarce in it's own network. That's the only context it can ever exist in. You can't yank a dogecoin out of the doge network and stuff it into the bitcoin network.

CRConrad 5y ago
"I want to buy <<whatever>> and pay with ZCoin, not XCoin." Either the seller accepts ZCoin, or they lose a sale. So sellers need to accept multiple coins; buyers can acquire and pay with different coins. Different coins compete with each other. (Or rather, they would -- if they were actual currencies and not just elaborate technological Ponzi schemes.)