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RE: My Cup Runneth Over (Trickle-Down Theory)

in #economy6 years ago

@edicted I would agree with most of your point, the only part I disagree with is on the cooperative capitalism point.

It might be true, but I feel relating blockchain to a Linux operating system entirely depends on your purpose for using the blockchain. Its a good argument for ETH, ETC, ADA, EOS and the like, but quite different when considering comparisons of Zcash vs. Monero or BTC vs. BCH.

One of the problems Bitcoin was meant to solve was simplicity. Anyone that has traveled abroad knows how disorienting it can be to need to adjust to counting in a local currency. Many of us would like a single currency that allowed everyone to comfortably know how much they were truly getting for the item they are selling.

I feel a few global cryptocurrencies are possible, but for the most part, people like to keep things simple. I would imagine eventually all these tokens and currencies will be viewed as simply gift card credit sort of things.

Smart contract platforms like Ethereum are networks you build on, for that purpose I see it as the devs have explained it as this fuel of the network. While ETC might actually become the IoT money that acts like this invisible payment system under the hood we never think about and only reload every month, its different with crypto meant to be money and nothing but money.

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