1. #Bitcoin maximalists will argue that there can only be one and will bash any Alts. Friedrich Hayek argued in a monograph titled “The Denationalization of Money” that any private entity ought to be able to create money and the market would decide the value.
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Replying to @CEOofSleep
Agreed wholeheartedly. A good that becomes “money” needs to be decided by the free market after competition among numerous “goods” for that title, and nothing else. Wealth will concentrate among those who have picked “correctly”. And the “best” natural form of money will emerge.
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Replying to @MustStopMurad @CEOofSleep
For millenia, money production / transmission / emission was under government monopoly. Now decentralized “moneys” are offering an alternative, and I believe they will win, as they have superior properties and people would rather trust an algorithm than people.
3:25 PM - 22 Feb 2018
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