Post
Topic
Board Altcoin Discussion
Re: The Ethereum Paradox
by
r0ach
on 20/05/2016, 09:36:27 UTC
Wealth will be distributed and re-distributed many times for the simple reason that code can be cloned unlike material wealth like gold. You don't expect in the future one global ledger, one world currency like most nerds here, do you?

So why don't you go and try to convince people your copper ingot should have the same value as a gold ingot in real life?  The only thing giving value to gold is scarcity and network effect.  You should have no trouble buying up all the cheap copper to corner the market and then presenting your copper as the superior solution to the world.  Try it and tell us how it works out.