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by leijurv
1457 days ago
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Why do you think it all comes down to that? Clearly there's much more to it. For example, cryptocurrencies with those two properties you mentioned are a dime a dozen. I could make one right now by git cloning bitcoin, changing some properties, then running it. And in practice there are thousands with high volume exchange-value. Digital currencies, when combined with ubiquitous exchanges, have such substitutability that I'm not sure there's much of a "network effect" or "lock in", when it's so easy to swap and pay with any of them. "value decided by the market" might be flimsy in this case. |
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What do you think Bitcoin is about?
> For example, cryptocurrencies with those two properties you mentioned are a dime a dozen.
I don't think so. Only one project have remained unchanged since its inception.