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Perhaps, but historically, once a currency gains a foothold it is usually extremely durable. I think it's far more likely that a successful new cryptocurrency
by eric_bullington 13y ago
Perhaps, but historically, once a currency gains a foothold it is usually extremely durable.
I think it's far more likely that a successful new cryptocurrency will integrate Bitcoin into its design, thereby increasing the utility of both currencies (this is what Ripple is aiming toward, for example).
But this is uncharted territory, so who knows?
- Retric 13y agoLot's of currency's have died in my lifetime, consider just what the introduction of the euro did. But also a lot of things like game near currency's like bitcoin have also gone the way of the dodo. Limiting things to just national currency's and going back say 500 years you find well over 90% of all currency's that existed back then or where introduced in the meantime have died.