Re: Why Bitcoin Is Going to Succeed: The Reason Nobody Is Talking About
I was referring to an Open Source project in which all contributors had direct financial incentive to see the project succeed. This is the first of its kind. As you also said later in your post. Very cool seeing Bitcoins going to charity work! And just the kind of good press Bitcoin needs to balance out the bad publicity lately.
OP, I agree that the open source model is a strong characteristic of bitcoin which gives it value. However, It's definitely not the first time that a cooperative
model has won over a competitive one - any successful open source project is an example of this (Linux, Firefox, Wordpress, etc.). In all of these
cases, companies sprang forth to support these software projects as soon as it was determined that there was money to be made, and
many contributors ended up having a financial incentive to succeed.
Only the closed-source giants were opposed to these projects, because they cut into their business model. By analogy, only banks and
payment processors are currently opposed to bitcoin. As discussed in other threads, we should probably be "expecting the Spanish Inquisition" from them...
Regarding these Winkeltossers, I don't think these guys are smart enough to do anything besides "buy low, sell high", and "sue somebody".
What if Bitcoin goes far beyond that? What if Bitcoin is an architectural foundation for an evolutionary step in the internet? What if we have just made a fountain of value in the middle of the digital dessert? Ready to nurture any project that uses it as it's foundation? No one has ever been paid for doing something like this directly; No one has thought of the bigger picture
The many can become one.