Saifedean Ammous just tweeted some interesting quotes from The Economics and Ethics of Private Property by Hans-Hermann Hoppe which pretty much state my same argument in a different way on why Bitcoin itself is the natural monopoly (Not Bitcoin mining):
Saifedean Ammous: Hoppe on why "alternative" coins are counter-productive:
Saifedean Ammous: Competition in moneys is just partial barter:
Saifedean Ammous: Contrary to your favorite shitcoin white paper econotheorists "A free market in money" does not lead to everyone getting their own sh*tcoin. It means everyone ends up on the same money, the hardest of them all:
