Topic: Antonopoulos Supports, "Classic, Core, ETH, Unlimited, Litecoin, & Everything" - page 2. (Read 2592 times)
January 22, 2016, 11:05:17 PM
I believe he said there will be 10,000 alt coins ?
January 22, 2016, 11:02:10 PM
I agree that supporting a variety of reputable digital currencies is a good thing. We need multiple blockchains to mitigate the risks of having a single point of failure in Bitcoin. It's true, Altcoins provide yet another layer of decentralization.
However, Bitcoin is also a "consumer brand" and creating three different variations is going to cause dilution, and make things extremely confusing for exchanges, merchants, pool operators, and end users.
So while part of Antonopoulos' statement is correct, in my mind there can only be one authentic Bitcoin. Supporting both Classic and Core is supporting Bitcoin's ultimate destruction.
However, Bitcoin is also a "consumer brand" and creating three different variations is going to cause dilution, and make things extremely confusing for exchanges, merchants, pool operators, and end users.
So while part of Antonopoulos' statement is correct, in my mind there can only be one authentic Bitcoin. Supporting both Classic and Core is supporting Bitcoin's ultimate destruction.
January 22, 2016, 10:10:19 PM
I recall him talking about how every school kid on Earth will eventually issue their own currency. I for one would not accept Tyronecoin if I was selling him some crack. I'd want something that the majority places a value on.
I think one way you could look at that is that the currency would correspond directly to the value of the person, or the value the person can provide.I am actually interested in seeing an experiment based around this concept. I am confident, however, that all the value would gravitate to one person's currency, and all the other currencies would be small mediums of exchange for individual people.
That or an entrepreneur would aim to take the largest market share as quick as possible.
I do agree, however, that individual currencies will not be very valuable in the future, and will likely have no place in society.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
January 22, 2016, 09:54:46 PM
AA: we can everything...core, classic, litecoin
REDITOR: NO! ONLY CORE!
January 22, 2016, 09:42:56 PM
I recall him talking about how every school kid on Earth will eventually issue their own currency. I for one would not accept Tyronecoin if I was selling him some crack. I'd want something that the majority places a value on.
January 22, 2016, 09:26:41 PM
Breaking: Andreas Antonopoulos supports, "Classic, Core, Ethereum, Unlimited, Litecoin, and Everything."
~~
@aantonop: Classic? Core? or Ethereum?
Andreas Antonopoulos [12:49 AM] Classic and Core and Ethereum and Unlimited and Litecoin and everything.The idea that there must be only one is a throwback to national moneys and monopolies of the past. We live in a multicurrency world of choice. That also applies to implementations of consensus. We can have more than one coexist and compete. It's healthy
~~
Source: https://www.reddit.com/r/Bitcoin/comments/428d0x/antonopoulus_i_support_both_core_and_classic/
Source: https://bitcoincore.slack.com/archives/general/p1453506630025326
~~
@aantonop: Classic? Core? or Ethereum?
Andreas Antonopoulos [12:49 AM] Classic and Core and Ethereum and Unlimited and Litecoin and everything.The idea that there must be only one is a throwback to national moneys and monopolies of the past. We live in a multicurrency world of choice. That also applies to implementations of consensus. We can have more than one coexist and compete. It's healthy
~~
Source: https://www.reddit.com/r/Bitcoin/comments/428d0x/antonopoulus_i_support_both_core_and_classic/
Source: https://bitcoincore.slack.com/archives/general/p1453506630025326
Jump to: