The genesis block has come from the Bosun Hicks particle. so Gods hammer can smite them all.
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My argument and thinking is the same for any alt and even BTC itself.
OK..I personally get the blockchain..I personally see the inherent change it can make to paper pushers the world over.
Decentralised ledgers ...yes... as a method of bypassing the current gatekeepers everywhere.
Centralised ledgers for that matter...but with worldwide acknowledgement of the ledgers accuracy.
(Keeping the gatekeepers in control).
My trouble is I dont have the skill set to take this idea to market and do this disruption.
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As currencies (to buy and sell things.... I am less enthusiastic).
Business to Business, country to country ....works.
People to business...less so.
What convinces mom and pop to go to the effort of paying my electrical business BTC to hire my services?
As opposed to $AUD?
Where is the value in them changing?
If this compelling arguement cannot be forthcoming...it is not effectively a currency per se.
The "currency " part of BTC will only ever be effective as say "Bartercard".(which is an alternative CENTRALISED currency that uses barter dollars at the constant exchange rate of 1:1 with $AUD).
Bartercard has a constant churn of client businesses that sign up find the cost and hassles of finding someone to trade with is too much and leave.
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BTC currency is created after doing the sums as rewards for the computations.
it hopefully pays the cost of doing the computations....by paying in the same coin...or converting into Fiat of choice.
As for growing the value of currencies.... it can only ever be..That which the public is prepared to pay for a part of the system.
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If the system is valuable.... so is the coin.
if it is not it is not.