Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's Dystopian Future
by
AnonyMint
on 14/11/2013, 23:10:56 UTC
All the world’s wealth has essentially been stolen, but by whom? By you, dear reader.

We’ll be very lucky if we aren’t all rounded up and summarily executed. Thankfully, you’ll be able to use some of that money to purchase protection, but I’m 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