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Just that the masses currently agree that bitcoin is 'the' current p2p currency. Nothing would stop the US Gov (or walmart!) from making/publicizing its own bit
by DanBlake 14y ago
Just that the masses currently agree that bitcoin is 'the' current p2p currency. Nothing would stop the US Gov (or walmart!) from making/publicizing its own bitcoin competitor which would instantly, immediately, crush bitcoin. (Why use bitcoin when you can use usgovcoin, all other things being equal)
- ccozan 14y agoSo my bitcoin-based new business will depend on a popularity contest?? I believe more in a energy-bound trading value for the future, much like the petro-dollar. Why not solar-coins, based on the value of solar energy ( GWh based ) traded on the markets? We all consume energy, right?
- scotty79 14y agoAll your web business depends on popularity of HTTP.
- quorn3000 14y agobitcoin has a global appeal, which usgovcoin wouldn't have.
- DanBlake 14y agoMaybe a walmartcoin then. Nothing like buying sporting goods with p2p currency. I think it would do pretty well!
- dworrad 14y agoIn one word... Trust.