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RE: Post-Bitcoin-Maximalism: A call for embracing the currency competition

in #bitcoin6 years ago (edited)

I very much agree on many of those points. In fact, I had it in my backlog to write a post that would have been rather similar, plus a futurism report. Your point that altcoins are a protection against Bitcoin being banned has truth but there is a flaw there. Why ban something when you can let the people think they got what they wanted when you get what you want? I think that might already have happened, but possibly it has not but I suspect it will. The governments only need to hijack it so that they can observe everyone. Access to other cryptocurrencies is essential to the goal of freedom. Blockchain is in many ways like the priniting press, we have to spread blockchain, not one, many in order to be free. One blockchain can be hijacked and then we've lost, but hijacking them all is impossible.

For this reason, I believe Zcash will be the future Bitcoin. I currently see Ethereum Classic as "better Bitcoin" but its really not private enough for that, and it will likely be the infrastructure of the future IoT world. Whereas Zcash is perfectly well poised to take over the role of the cypherpunk initiative and it will likely benefit from a flood of wealth added from offshore bank assets.