Post
Topic
Board Bitcoin Discussion
Re: This is the kind of hierarchy some want for the The Bitcoin Network.
by
interlagos
on 01/10/2012, 10:38:40 UTC
As long as Bitcoin stays open source and voluntary, I don't see a problem of anybody funding its development even if it's a CIA or JPMorgan. What we should fight for is to have an open market for alternative currencies.
Cryptocurrency is best served as a natural monopoly. Bitcoin will likely be the only popular cryptocurrency. It's not a like it or leave it type of thing. We do no not need it controlled by the government or the largest bank.

It doesn't have to be a monopoly.

If we look at gold, for example, one might argue that it was a natural monopoly on money, but I would argue that silver (even though less valuable) served as money as well.
And we already have "silver" to Bitcoin's "gold" - it's called Litecoin.
...

I'm going to stick with Bitcoin and defend it until death for the interests of those who want a protocol that can't be easily changed. I am not going to Litecoins, Cosbycoins or Free Speech Zone Coins.

Thanks.

I prefer to think of it this way:
Bitcoin is a multidimensional form of life and it intersects with our 3D reality in a variety of ways.
Intersections may appear to be separate objects in space and time but they really are just a part of a bigger more complex idea.