Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
justusranvier
on 06/11/2014, 12:52:58 UTC
I'm only trying to point out that people should avoid adopting a black or white stance on bitcoin.
It is not an all-or-nothing thing where either bitcoin succeeds or some other alt does but they do not want to accept the possibility of co-existence.
Unfortunately for your desires, reality does not cooperate with that position.

Money is an all-or-nothing proposition because of opportunity cost.

Every Bitcoin one holds is held at the exclusion of every other possible use for that money, especially other currencies.

The act of holding Freicoin instead of Bitcoin has a calculable cost associated with that action.

If the benefits of holding Freicoin do not exceed that cost, then nobody will hold Freicoin.

When we're talking about the opportunity costs associated with currencies, then it's even worse for small currencies.

The opportunity costs associated with not holding the largest currency increase greater-than-linearly based on the relative difference in adoption between the two currencies.