Bitcoin Will Still Bite the Dust - Kevin Dowd, page-13

  1. davec88
    898 Posts.
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    29/01/19
    22:54
    Post #: 37257732
    I can only hope that I continue to experience this 'doom' you describe. I'll continue to fail upwards.

    "and you know your money is safe, as it's guaranteed by a bank at all times."

    Like in Cyprus

    "Cryptocurrencies are doomed."

    Correct. Bitcoin is a natural monopoly:

    https://hotcopper.com.au/data/attachments/1422/1422446-fdaf8eb7ff865081b04a2bbebcd8353c.jpg

    https://hotcopper.com.au/data/attachments/1422/1422448-06110c0495f2cdf9a51c0331b9002948.jpg

    https://hotcopper.com.au/data/attachments/1422/1422449-e9538727f3eb4c4a45850ae3e48bb9bc.jpg

    Source: The Economics and Ethics of Private Property by Hans-Hermann Hoppe
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