5 ms·
I completely disagree. A digital currency is a game design in the clothes of a communication protocol. That is to say, digital currencies are poised to enter an
by chipsy 13y ago
I completely disagree. A digital currency is a game design in the clothes of a communication protocol. That is to say, digital currencies are poised to enter an indefinite period of competition and specialization based on the economic properties(rules of the game) that they offer and society's preferences for them; bitcoin is a tiny suggestion of what is possible. We are about to customize capitalism.
- bendoernberg 13y agoFantastic point, and it's a real shame that there don't appear to be any anthropologists, sociologists, game theorists, psychologists or political scientists advising in the models of any of these coins. The algorithms that underly these currencies are going to have massive impacts on the shape of our society going forward, without proportionate deliberation about their design.
- kordless 13y agoYou need a wide range of disciplines to understand how it works and grok how it also changes the financial markets. i.e. it's complicated.
- gnaritas 13y agoAbsolutely this. Gold bugs and Austrians like bitcoin. Keynesians call it deflationary they'll like peercoin better. The math community may prefer primecoin. Namecoin could be the base of the new DNS system as well as many others attracting the tech community. Each will attract people who prefer their rules. Customize capitalism, I like that; totally stealing that.