Re: Question about James Rickard "btc as currency dies, but tech stays" scenario

Quote from: ParsnipCommander on April 30, 2014, 06:04:58 PM

Quote from: LagerFan on April 30, 2014, 07:54:02 AM

I read it as C) the currency dies in its current form but the algorithm/concept lives on in the form of other alts - not necessarily in existence yet.

So C) also means you lose your investment Undecided

He's talking about colored coins that only use bitcoin micro-transactions to secure them. For instance, if a bitAmero were created, it might only cost one Satoshi to generate, but be worth thousands of times more. To spend them, you would still need a Bitcoin client. What it does to the price of Bitcoin itself is anyone's guess.