Quote:
Originally Posted by TheSquealer
i'm not intending to criticize anything you are say as much as I was trying to pose the question. I understand the enthusiasm, what is harder for me to understand is how little this seemingly obvious fact that anyone can now create a currency, thus affecting the value of all other similar currencies is discussed. Further, those which are created and fail or are not secure, where people get ripped off etc etc etc, radically change perceptions of value globally in mere minutes.
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for me, the opportunity for scarcity (longevity) lies in the algorithm. IF it is as elegant as they say it is, and it's all open-source, then it could in fact be just like gold, a 1 of a kind element and will withstand the test of time and competition. i was reading elsewhere though that some believe there should be more than 1 cryptocurrency in circulation also.