Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
aminorex
on 28/06/2014, 12:00:11 UTC
Always keep one of your eyes on alternative cryptos that offer innovation.

While many p2p protocols are useful, cramming every app into a freaking currency is asinine.

To be good enough as a currency to compete for the monopoly position of liquidity provider requires a laser focus on that specific end.  Any added functions create a tax on the economy of the whole market.  Liquidity abhors friction.

There are other far better, far more efficient, far more honest ways to incentivize the maintenance of a block chain for your bittorrent or twitter or whatever.

Any " innovations" that amount to embedding a tiny little lobotomized robotic Ben Bernanke into every computer on the Internet are quite unlikely to add any value.  Like lifetime of the universe unlikely.

You aren't going to improve chopsticks. You aren't going to improve the core function of liquidity - just make it efficiently usable.  Any " innovation" that makes it less efficiently usable is a SCAM.