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And likewise, if Elon Musk wanted to make a Twitter clone with better free speech he could get a lot of users. What's your point, that's literally the opposite
by _9omd 5y ago
And likewise, if Elon Musk wanted to make a Twitter clone with better free speech he could get a lot of users. What's your point, that's literally the opposite of low barrier to entry. Being Elon Musk is NOT a low barrier to entry. Anything you say can be re-framed to the web, so if your point is valid then how can websites like Twitter be so valueable?
- jqpabc123 5y agoWhat's your point, that's literally the opposite of low barrier to entry. It's just one example of how your "network effect" could be overcome very quickly. Any individual or company with market presence and name recognition could do this if they were so inclined. You could easily have ChaseCoin, FordCoin, FidelityCoin, NFLCoin and 10,000 more if they thought it was practical and profitable and would be successful over the long term. But allowing anyone to "mint" their own money is really an argument *against* the basic concept of a "currency". The world has already been there, seen that and done that. And most "smart people" (and companies) recognize that this is not in the best long term interests of themselves or the overall economy.