tag:blogger.com,1999:blog-3758330678390419129.post4000802366709599473..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Bitcoin Bonanza: Cyprus Crisis Boosts Digital DollarsRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3758330678390419129.post-39353048219754067412013-03-29T12:13:06.006-04:002013-03-29T12:13:06.006-04:00Bitcoin has first-mover advantage, the network eff...Bitcoin has first-mover advantage, the network effect, and the hashing power. <br /><br />Any competing crypto-currency that offers a better technology will see its technology quickly adopted by Bitcoin. Bitcoin is now the 800-pound gorilla. <br /><br />There can only be one dominant crypto-currency - bitcoin is it. With that said, bitcoin can and will be the foundation that other, more anonymousAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-70667665304920263532013-03-28T15:32:34.320-04:002013-03-28T15:32:34.320-04:00Spok An Cap -
You are correct. One may invest in...Spok An Cap -<br /><br />You are correct. One may invest in Platinum and Palladium as well as Gold. Zinc and Copper too.<br /><br />If BitCoin becomes a Multi-Market as you suggest, this may be studied as well.<br /><br />For example, if "Bit-Crons" goes into competition with "BitCoin", does Gresham's Law that "The Bad Money Drives Out the Good" apply if "Charleshttps://www.blogger.com/profile/05417810805625984670noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-68397077582500243742013-03-28T13:58:58.651-04:002013-03-28T13:58:58.651-04:00I suspect as BTC becomes more popular, competing &...I suspect as BTC becomes more popular, competing "brands"of cryptocurrencies will arise thereby exposing the inherent weakness of cryptocurrency - it is NOT scarce.SpokAnCaphttps://www.blogger.com/profile/09799901256022040951noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12996833270617813192013-03-28T12:13:48.589-04:002013-03-28T12:13:48.589-04:00Digital Friedmanite Monetarism.
People used to vo...Digital Friedmanite Monetarism.<br /><br />People used to vote with their feet. Now they are voting with their keyboards. Value is reflected in a Virtual Constant Background with which to reflect changes created by the State. The other Conservative Economic Theories, including ABCT, should not reject this development a priori.<br /><br />There is much to examine here that is GOOD.<br /><br />CWCharleshttps://www.blogger.com/profile/05417810805625984670noreply@blogger.com