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>Also, let me quote Hal Finney why alt coins don't work: "Any successful replacement of the Bitcoin block chain will forever undermine the credibility of any su
by DebtDeflation 4y ago
>Also, let me quote Hal Finney why alt coins don't work: "Any successful replacement of the Bitcoin block chain will forever undermine the credibility of any successor. How is an investor to know that it won't happen again?
Under this logic, Geocities must be the predominant social media service today. Because if MySpace were able to replace it, how would investors know the same could not later happen to MySpace with Facebook, etc.?
- lovingCranberry 4y agoI don't think you can compare a deflationary currency with an actual service. Look, a social media service has way more features and works in a completely different way than transferring wealth from Alice to Bob.