Henry J on Nostr: I know I’m preaching to the choir here, but I’ll share this simply for future ...
I know I’m preaching to the choir here, but I’ll share this simply for future reference.
Daniel Krawisz explains why money, in contrast to other kinds of networks/protocols, can only have one winner:
“Owning any one currency carries a high opportunity cost of owning any other. I cannot use the same money to buy an investment in bitcoins and in silver coins or Canadian dollars. If I want more of one, I necessarily must have less of another. If any one currency is acknowledged to be the winner over the rest, then there is no additional benefit for anyone to own other currencies.”
Food for thought.
https://nakamotoinstitute.org/mempool/why-bitcoin-will-continue-to-grow/
Daniel Krawisz explains why money, in contrast to other kinds of networks/protocols, can only have one winner:
“Owning any one currency carries a high opportunity cost of owning any other. I cannot use the same money to buy an investment in bitcoins and in silver coins or Canadian dollars. If I want more of one, I necessarily must have less of another. If any one currency is acknowledged to be the winner over the rest, then there is no additional benefit for anyone to own other currencies.”
Food for thought.
https://nakamotoinstitute.org/mempool/why-bitcoin-will-continue-to-grow/