10-25 12:25 - 'JP Morgan says bitcoin’s 2020 surge is set to continue as the digital cryptocurrency competes better against gold as an alternative currency.' (news.bitcoin.com) by /u/riqelme removed from /r/Bitcoin within 28-38min
“Once we go digital, it just means that these digital currencies will compete with each other. These borders of economic influence are no longer going to be contained by political borders any more.” (x-post from /r/Bitcoin)
Doesn’t matter if you’re a Bitcoin maximalist or a multi-coiner. We won’t truly change the game until we get the US govt to legalize competing currencies and treat them the same as USD. If not, we must accept the slow trickle of growth that characterizes the long-game most of us are playing.
HODL for sure, but we also must start fighting for the freedom to use whatever money we choose.
China’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been cracking down on gambling sites that use the stablecoin tether. The issue of competing currencies. Case study – Bitcoin 105 and services. All other goods, whether they be postal service or candy bars or personal computers, are desired for their own sake, for the utility and value that they yield to consumers. Consumers are therefore able to weigh these utilities against one another on their own personal scales of value. Money, however, is desired not for ... Some members of the Libra Association are now backing a rival project called Celo, which has its own blockchain and cryptocurrency. Over 50 major companies have pledged their support, each ... Bitcoin and the question of competing currencies There has long been a debate about the option of governments allowing concurrent, or competing, currencies. The reason for this debate stems from the theory that such concurrent currencies would, through the market pressures of competition, lead to a more sound money system and more stable currencies in the long run. bitcoin.org: Tonal Bitcoin: TBC 2011-01-02 Low ~21,000,000 SHA256 PoW First on-chain alternative. - BCash BCH 2017-08-01 Low ~21,000,000 SHA256 PoW BCash is an altcoin based on an old snapshot of Bitcoin's blockchain (2017 Aug 1) with replay protection and an increased block size limit of 8MB. An unusual emergency difficulty adjustment ...
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