Horizontal inflation seems half right but not totally apples to apples because each branch brings new innovations. Bitcoin Cash offers a different block size that might change merchant adoption in a way inflating Bitcoin might not.
I think your argument boils down to the fact that anyone can create a new (Bit)coin or fork the 'core' Bitcoin chain, leading to some kind of dilution.
Well, I think this is true but there are reasons that this will not happen a million times, just like not everyone starts a bakery (although theoretically possible. In a nutshell, I think market forces would prevent this. See a more thorough description of my thoughts on this point here: http://www.devtome.com/doku.php?id=altcoins_-_nothing_to_worry_about
But will there be an infinity number of humans using these infinite number of coins then (AI-systems in the end serve a master, a human)? By analogy, there isn't an infinite number of Facebooks either. The free market will sort this out just fine.
I'm still new to cryptocurrency, so forgive me if this is a gumby thing to ask, but is forking positive or negative for the currency as a whole? From what I've heard cryptos like NEO have come along as 'superior' because forking is less likely to occur. It is hard for me to tell at the moment what is hype, what is speculation, and what is genuinely true with regards to what will keep cryptos sustainable, so any clarification would be greatly appreciated.
Horizontal inflation seems half right but not totally apples to apples because each branch brings new innovations. Bitcoin Cash offers a different block size that might change merchant adoption in a way inflating Bitcoin might not.
I think your argument boils down to the fact that anyone can create a new (Bit)coin or fork the 'core' Bitcoin chain, leading to some kind of dilution.
Well, I think this is true but there are reasons that this will not happen a million times, just like not everyone starts a bakery (although theoretically possible. In a nutshell, I think market forces would prevent this. See a more thorough description of my thoughts on this point here: http://www.devtome.com/doku.php?id=altcoins_-_nothing_to_worry_about
But will there be an infinity number of humans using these infinite number of coins then (AI-systems in the end serve a master, a human)? By analogy, there isn't an infinite number of Facebooks either. The free market will sort this out just fine.
I'm still new to cryptocurrency, so forgive me if this is a gumby thing to ask, but is forking positive or negative for the currency as a whole? From what I've heard cryptos like NEO have come along as 'superior' because forking is less likely to occur. It is hard for me to tell at the moment what is hype, what is speculation, and what is genuinely true with regards to what will keep cryptos sustainable, so any clarification would be greatly appreciated.
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