"Cato Institue: Bitcoin will be replaced by cryptocurrencies with superior features."
TL/DR: Link to article title via Cyrptocurrency News: https://www.cryptocoinsnews.com/cato-institute-bitcoin-will-displaced-cryptocurrencies-superior-features/ First, Dogecoin isn't mentioned in the article or eBook except in the phrase "cryptocurrencies with superior features." (At least, that's the way I choose to take it.) The article is brief. The section referenced is as follows Quote from ebook discussed in article: "Nonetheless, in the longer run, Bitcoin is almost certain to fail – and this is no bad thing. The pioneers in any industry are rarely the ones who last: who remembers Betamax from the early days of the video industry? Bitcoin might have been the first successful cryptocurrency, but it is not yet clear whether being the first mover in this area is even an advantage in the longer term. After all, any major design flaws in the Bitcoin model are set in concrete and competitors can learn from them. The cryptocurrency market is also an open one and a considerable number of new competitors have already entered the field. These include, among others, Litecoin, Namecoin, PPCoin, Freicoin, Ripple, Primecoin, Terracoin and Feathercoin.27 Most of these will probably soon fail, but, as competition in the market develops, no one can predict which cryptocurrencies will be best suited to the market and achieve long-run success. For what it’s worth, the author’s guess is that Bitcoin will eventually be displaced by other cryptocurrencies with superior features. The ideal – one is tempted to say, the gold standard in this area – would be one or more cryptocurrencies that were able to achieve stable purchasing power through elastic but fully automatic and hence non-discretionary supply schedules when real demand changes, and which also have the ability to maintain state-of-the-art security. Going further, the ultimate possibility for those who believe in private money is that cryptocurrencies might eventually become so widely accepted that they drive government currencies out of circulation and expel the government from the monetary system once and for all.
Bitcoin will bite the dust - Cato Institute. Will it really?
https://www.youtube.com/watch?v=Qlydjg1tiso Now I know this organization is derived from the Koch bros, but I'm interested in hearing what people in this community have to say about their ultimate point of mining operations converging on being a monopoly and destroying the trust within the bitcoin network. Do you think this guy has any valid point in this video? Why or why not?
Cato Institute: Can The Government Destroy Bitcoin? News, Opinion, Regulation | October 5, 2017 By: William Luther. Cato Institute’s William Luther details the history of world government monetary regulation and speculates how it may be applied to cryptocurrency….. Bitcoin, the new digital Receive periodic updates on Cato research, events, and publications. Cato Institute 1000 Massachusetts Ave, NW Washington, DC 20001-5403. Phone (202) 842 0200. The Bitcoin Foundation, a trade group, on Tuesday said that it has hired Jim Harper, an official at the Cato Institute, a libertarian policy organization, to "identify political impediments to Bitcoin: Problems and Prospects George Selgin, Director Center for Monetary and Financial Alternatives The Cato Institute Washington, DC 20005 November 12, 2014 Prepared for Hillsdale University’s 2014 Free Market Forum, Indianapolis, Indiana, October 23-25. !! Bitcoin can function only as long as individuals know that they can convert it into fiat money, i.e. cash on demand (see, e.g., Lawrence H. White "The Technology Revolution And Monetary Evolution," Cato Institute's 14th annual monetary conference, May 23, 1996).
Can Bitcoin Be Money? - George Selgin - CoinSpice Live: Full Interview
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