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If there's anything on this Earth that's subject to network effects it's currency. If the creators of Freicoin appreciate Bitcoin enough to name their efforts a
by tree_of_item 14y ago
If there's anything on this Earth that's subject to network effects it's currency. If the creators of Freicoin appreciate Bitcoin enough to name their efforts after it, why would they even try to fragment it in the first place? Does demurrage make it that much better?
- jerguismi 14y agoI would argue that the network effects belong to cryptocurrencies in general. Since there can't be any barriers of entry to implementing cryptocurrency exchanges, exchanging them from one to another will always be trivial and cheap, if they have any kind of market. In fact, it is possible to make a hosted bitcoin wallet, which can be integrated with an exchange, and users can pay in any cryptocurrency the merchant requests. So I believe that the more different cryptocurrencies, the better.