Prezi

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in the manual

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

Why there won't be a proliferation of Bitcoin-like currencies

A common objection to Bitcoin is that someone could introduce Bitcoin-2, Bitcoin-3, etc., rendering the 21-million hard limit on coin issuance meaningless. But this does not actually pan out.
by Ja Smith on 16 February 2013

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Why there won't be a proliferation of Bitcoin-like currencies

A mythical currency that scores 100% on all the characteristics that would make an ideal currency Room for competitors to Bitcoin - Scarce
- Unforgeable
- 4 years of history
- etc. - blah
- blah
- blah...
- No history! A competitor to Bitcoin would not only have to be clearly superior, but also superior enough to make up for its lack of history.

How valuable is Bitcoin's history of reliability, in terms of its suitability as a currency? If it's larger than the space between Bitcoin and ideal, then competition with Bitcoin is currently impossible.

In any case, there have been no significant competitors, and if one should appear, it will only succeed if it is in fact clearly superior. Then the margin for besting the new currency will be even smaller. Therefore there will be no endless proliferation of cryptocurrencies.
See the full transcript