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Wright: "The competition in today's cryptocurrency space is just practice for the real battles to come. When Bitcoin (BCH) becomes nearly universally adopted globally, it will be the defacto world reserve currency. That is the time of the real battle to come."

Wright: submitted by ForkiusMaximus to btc [link] [comments]

One of the best crypto articles ever - Post-Bitcoin-Maximalism: A call for embracing the currency competition

One of the best crypto articles ever - Post-Bitcoin-Maximalism: A call for embracing the currency competition submitted by kybarnet to btc [link] [comments]

Popular misconceptions about money, Bitcoin, and how all the competition between currencies will play out

Money is best seen as a social behavior or accounting tool a society uses to track favors.
Sometimes a currency may have a non-monetary value (often called ‘intrinsic’ value) and a monetary value. All things being equal, a currency that has no non-monetary (intrinsic) value is a better currency than one that does.
An economy does not need an expanding money supply to function.
Inflation (monetary) cannot happen without an inflator; that is to say that the money supply does not grow uniformly, but rather some entity is granted new currency units which provides them a significant economic advantage other users of that currency (usually) do not have.
Many people view the act of spending currency “using money”. This is an incomplete view that can lead to some very wrong conclusions. A better understanding of the use of a currency is that someone begins using a currency when he accepts it, continues using while holding it, and ends their use of it when they finally spend it.
Savings...e.g. money stored under a matress, provides individuals, corporations, governments, and whole economies an ability to absorb economic disruption and take advantage of opportunities that arrive by remaining uncommitted to a particular investment. That is to say savers or hoarders provide a great deal of benefit to the underlying economy. In addition to this benefit, hoarding a currency provides it with liquidity which is essential to having a viable currency.
Destruction of a currency such as if someone burned his or her own money bin, is effectively a form of altruism or charity, whereby they transfer their economic power to others via monetary contraction. That is, if someone were to acquire a bunch of money over their lifetime, and then burn it all, this person should be viewed as a selfless hero.
A deflationary (or fixed supply) currency with equal or superior monetary properties cannot exist in equilibrium with inflationary currencies.
Bitcoin is a deflationary currency with superior monetary properties vs ALL traditional currencies (fiat, gold, etc). And will compete against each of those currencies until they all die or bitcoin dies. Also Bitcoin is immortal.
Money is a monopolistic market, where network advantages are very significant and provide a substantial barrier to new comers. Basically in order to overcome a lead in network effect advantage, a competing currency would have to offer very significant benefits over the market leader. Bitcoin appears to be doing this with respect to USD/EUGold/Etc, but the idea that alt coins could overtake Bitcoin would require an economic consensus for everyone to switch. And we all know how difficult a consensus change is to achieve; it would be the equivalent of someone saying they think an Elvis impersonator could come about that would supplant the original in popularity because he offers NEW features the original doesn’t, like officiating low-class weddings.
Thus, a rational person could conclude that one day soon, everyone will be forced to accept Bitcoin, as no one will accept any other currencies. See Their’s Law.
Governments obtain a fairly significant amount of their funding through seigniorage. Bitcoin will cut off this avenue of funding, so in addition to destroying gold and all fiat and altcoin currencies, it will impose financial discipline on governments, effectively putting an end to big government and unnecessary wars.
To sum it up, Bitcoin is a panacea that cures the world’s economic and financial ills.
submitted by ztsmart to Bitcoin [link] [comments]

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

Ferdous Bhai - Post-Bitcoin-Maximalism: A call for embracing the currency competition submitted by makriath to BitcoinDiscussion [link] [comments]

Me: "the likelihood that your altcoin will survive real currency competition with Bitcoin tends towards zero on a l… https://t.co/Top1tfamsT - Crypto Dynamic Info - Whales's

Posted at: February 14, 2019 at 06:24PM
By:
Me: "the likelihood that your altcoin will survive real currency competition with Bitcoin tends towards zero on a l… https://t.co/Top1tfamsT
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One of the best crypto articles ever - Post-Bitcoin-Maximalism: A call for embracing the currency competition

One of the best crypto articles ever - Post-Bitcoin-Maximalism: A call for embracing the currency competition submitted by kybarnet to CryptoCurrency [link] [comments]

Docademic (MTC) Trading Competition, Win 885,000 MTC + 6 BTC! The only crypto currency making free healthcare a reality called Docademic MTC is having a trading competition at KuCoin Cryptocurrency Exchange Platform. Lucky winners can get 885,000 MTC + 6 BTC! For more details, check o /r/Bitcoin

Docademic (MTC) Trading Competition, Win 885,000 MTC + 6 BTC! The only crypto currency making free healthcare a reality called Docademic MTC is having a trading competition at KuCoin Cryptocurrency Exchange Platform. Lucky winners can get 885,000 MTC + 6 BTC! For more details, check o /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

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

Post-Bitcoin-Maximalism: A call for embracing the currency competition submitted by kybarnet to Bitcoin1776 [link] [comments]

One of the best crypto articles ever - Post-Bitcoin-Maximalism: A call for embracing the currency competition

One of the best crypto articles ever - Post-Bitcoin-Maximalism: A call for embracing the currency competition submitted by cryptoanalyticabot to cryptoall [link] [comments]

One of the best crypto articles ever - Post-Bitcoin-Maximalism: A call for embracing the currency competition

One of the best crypto articles ever - Post-Bitcoin-Maximalism: A call for embracing the currency competition submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Docademic (MTC) Trading Competition, Win 885,000 MTC + 6 BTC! The only crypto currency making free healthcare a reality called Docademic MTC is having a trading competition at KuCoin Cryptocurrency Exchange Platform. Lucky winners can get 885,000 MTC + 6 BTC! For more details, check o /r/Bitcoin

Docademic (MTC) Trading Competition, Win 885,000 MTC + 6 BTC! The only crypto currency making free healthcare a reality called Docademic MTC is having a trading competition at KuCoin Cryptocurrency Exchange Platform. Lucky winners can get 885,000 MTC + 6 BTC! For more details, check o /Bitcoin submitted by cryptoallbot to cryptoall [link] [comments]

10-02 11:33 - 'Docademic (MTC) Trading Competition, Win 885,000 MTC + 6 BTC! The only crypto currency making free healthcare a reality called Docademic MTC is having a trading competition at KuCoin Cryptocurrency Exchange Pla...' (self.Bitcoin) by /u/Jamilla29 removed from /r/Bitcoin within 46-56min

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Docademic (MTC) Trading Competition, Win 885,000 MTC + 6 BTC! The only crypto currency making free healthcare a reality called Docademic MTC is having a trading competition at KuCoin Cryptocurrency Exchange Platform. Lucky winners can get 885,000 MTC + 6 BTC! For more details, check out this li
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Author: Jamilla29
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What's stopping Bitcoin price from dropping due to increasing competition from other crytpo currency?

submitted by xxxDragonSlayer to Bitcoin [link] [comments]

Popular misconceptions about money, Bitcoin, and how all the competition between currencies will play out /r/Bitcoin

Popular misconceptions about money, Bitcoin, and how all the competition between currencies will play out /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Currency competition in the Fallout Universe /r/Bitcoin

Currency competition in the Fallout Universe /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

We don’t need another political solution to an economic problem, what we need is a more competitive market currency $Bitcoin. #CripTeQ #BitcoinNash

We don’t need another political solution to an economic problem, what we need is a more competitive market currency $Bitcoin. #CripTeQ #BitcoinNash submitted by plutonash06 to Bitcoin [link] [comments]

Again a new currency, its gonna tough competition. Bitcoin vs IOTA

Again a new currency, its gonna tough competition. Bitcoin vs IOTA submitted by alena30 to crypto_currency [link] [comments]

Bitcoin Has Some Competition as New Online Currency 'Monero' Steps In

Bitcoin Has Some Competition as New Online Currency 'Monero' Steps In submitted by Bitcoinfriend to Monero [link] [comments]

As a digital currency, what realistic competition does Bitcoin have?

I'm new with the digital currency world. Bitcoin seems to be the only one that has the "norms" talking about it. I know there are plenty of other digital currencies like litecoin. This may be a bias question asking the Bitcoin community, but do any other digital currencies actually stand a chance to stay like Bitcoin does?
submitted by Padankadank to Bitcoin [link] [comments]

Wright: "The competition in today's cryptocurrency space is just practice for the real battles to come. When Bitcoin (BCH) becomes nearly universally adopted globally, it will be the defacto world reserve currency. That is the time of the real battle to come."

Wright: submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin: The Fiat Currency Competition – web bot predictions, trump, and other future macro economic analysis

Bitcoin: The Fiat Currency Competition – web bot predictions, trump, and other future macro economic analysis submitted by FMTY to btc [link] [comments]

What's stopping Bitcoin price from dropping due to increasing competition from other crytpo currency? /r/Bitcoin

What's stopping Bitcoin price from dropping due to increasing competition from other crytpo currency? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Qu0026A Does monetary policy determine currency competition Bitcoin's Competition - Top 5 Cryptocurrency Contenders Bitcoin, gold and competitive currencies Bitcoin: The Fiat Currency Competition - Jsnip4 on CrushTheStreet.com WHY YOU SHOULD BUY BITCOIN IN 2020!!!!

Two years ago today, Bitcoin hit its highest price ever, reaching $19,783. It was the culmination of an incredible year for the digital currency, which had started 2017 at about $1,000. Bitcoin Competition . Let’s take a look at Bitcoin’s main competition . Bitcoin is the main digital currency, also known as cryptocurrency, and it has been the most popular for a few years now.There are however several other currencies which could compete with Bitcoin in the future. But at the present moment, bitcoin is ridden with the burden of illegal activities. Once regulatory clarity is achieved for the asset across the globe, the rivalry is expected to become more serious than now. As James put it: I want to view cryptocurrencies of various types as new entrants into the ongoing global currency competition. Bitcoin is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments. It follows the ideas set out in a whitepaper by the mysterious Satoshi Bitcoin prices moved north on Jul 27, pushing the digital currency to its highest level in almost a year. The largest and most influential cryptocurrency jumped as much as 15% to $10,944, the

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Bitcoin Qu0026A Does monetary policy determine currency competition

#Coinbase #BTC #Bitcoin #InternetofValue #bitcoinairdrop #btcairdrop #brian #btc #bitcoin #crypto #btcnews #crypto #blockchain #cryptocurrency #brianarmstrong #coinbase2019 #coinbasewallet # ... Bitcoin's Competition - Top 5 Cryptocurrency Contenders ... Bitcoin is an electronic currency that is neither issued by a government nor backed by a physical commodity. Bitcoin's underlying ... Spontaneous Worship during Covid Crisis Jonathan and Melissa Helser & Cageless Birds Amanda Cook - Duration: 1:31:04. Cageless Birds Recommended for you They discuss the idea of currency competition and talk about the pros and cons of Bitcoin and digital gold currencies. Félix explains the working mechanisms behind Bitcoin, which is a digital ... Bitcoin: The Fiat Currency Competition - Jsnip4 on CrushTheStreet.com Crush The Street. ... with its recent price rise and what could be the role in the near future with the current currency ...

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