Timeline for Are Bitcoins destined to forever increase in value?
Current License: CC BY-SA 3.0
4 events
| when toggle format | what | by | license | comment | |
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| Sep 1, 2011 at 11:25 | comment | added | Chris Acheson | This probably isn't the place to argue the point, so I'll just phrase it this way: if blockchain-based currency is a natural monopoly, then the creation of a Bitcoin clone won't affect the price of bitcoins. Also, in the case of bitcoin-denominated debt (claim codes, shorts, etc), the amount of outstanding debt should be roughly proportional to the supply of currency, so this wouldn't represent an ongoing source of inflation either. | |
| Sep 1, 2011 at 11:08 | comment | added | David Schwartz | That's true today, but I don't think that will be true forever. But I guess we're arguing over whose crystal ball is clearer. Every argument why I wouldn't want Altcoins instead of Bitcoins is an argument why someone would be willing to give me more of them as well. | |
| Sep 1, 2011 at 11:05 | comment | added | Chris Acheson | Alternative blockchain-based currencies tend to cannibalize each other, as there's only a small group (relative to Bitcoin) of speculators involved in them. When a new alternative is created, it tends to drive the price of the other alternatives down without affecting the Bitcoin price very much. | |
| Sep 1, 2011 at 10:29 | history | answered | David Schwartz | CC BY-SA 3.0 |