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Gold is also a bet, just like Bitcoin, that it's the most marketable commodity (more than 90% of value is in this speculation, not in production demand). People
by oleganza 13y ago
Gold is also a bet, just like Bitcoin, that it's the most marketable commodity (more than 90% of value is in this speculation, not in production demand). People tend to come up with valuing most the money which is most liquid, most accepted by others. If Bitcoin2 comes along it should be so incompatible with Bitcoin1 and so much superior that people would want to make that bet again with Bitcoin2. Most probably, though, Bitcoin1 would be extended since it's possible and so many people desire these new features. If not enough people desire new features, then another currency wouldn't be as liquid as the first one.
Universe wants one money, anyway:
http://blog.oleganza.com/post/54121516413/the-universe-wants-one-money http://blog.oleganza.com/post/54121516413/the-universe-wants...