We can certainly agree on that! The new currency should be as anonymous as Zerocoin. (I can think of an application that will require robust anonymity.) Jim Bell
________________________________ From: David Vorick <[email protected]> I have faith that additional cryptocurrencies will be launched/released that are substantially better and different from bitcoin. Bitcoin is just the beginnning, and ultimately I don't think it will make more than a few years farther before there is an unquestioned replacement. On Tue, Nov 26, 2013 at 1:53 AM, James A. Donald <[email protected]> wrote: On 2013-11-26 11:43, David Vorick wrote: > >Andy, the problem isn't the denomination, the problem is that Satioshi >>has 5% of all the currency, and the Winklevoss twins have another 0.5%. >>If bitcoin becomes worth 100 trillion dollars, they've got a solid 500 >>billion for being nobody and doing nothing. That's a problem to me. >> >Five hundred billion for freeing the world financial system from US domination >without bloodshed. Sounds mighty cheap to me. > >I am, however worried that bitcoin can be dominated by a small group. As the >total transaction volume increases, the number of people that are full and >equal participants in recording and facilitating transactions must diminish. > >This was my original objection, scaling failure, way back in the beginning, >and it is now coming true. > >But even if my worst fears are realized, that is still a whole lot better than >what we have now. > > >
