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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 th
by 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.)