Quote from: phelix on April 21, 2013, 08:09:54 PM

Quote from: Crypto Canary on April 21, 2013, 07:33:56 PM

Quote from: dacoinminster on April 19, 2013, 06:05:11 PM

All the worlds wealth has essentially been stolen, but by whom? By you, dear reader.

Well be very lucky if we arent all rounded up and summarily executed. Thankfully, youll be able to use some of that money to purchase protection, but Im not at all convinced that it will be enough. A wrathful government backed by an enraged population is a fearful enemy. Satoshi foresaw this long ago, and I doubt he/she/it/they will ever voluntarily come into the light.

Nah, everyone else will just mine Bytecoin, Trytecoin, Crumbcoin, or Hexcoin or whatever name they come up with next. Tongue

Bitcoin's current value is based mostly on the fact that most people don't know how it works. Once the other iterations of bitcoins start getting attention, the value will probably even out between them.

Ever heard about the network effect?

We debated the network effect advantage for Bitcoin here:

https://bitcointalk.org/index.php?topic=279650.msg3495695#msg3495695