You can always fork it and start your own teeny-tiny forked Bitcoin network and pretend like the Network Effect is irrelevant to liquidity, right?
Who needs liquidity?
The truth is cryptocurrencies are like anything else that is a network: The people who control how people connect to and participate in a network will effectively exert some amount of control over the network.
I’m sorry, but there is nothing magical about crypto-coin networks and blockchains.
If there’s one thing you can learn throughout history, it’s that power in networks have a tendency to consolidate and that networks have a tendency to break down and be replaced with new networks.
There is nothing inherently special about the Bitcoin network or any other crypto network that makes it immune from being controlled by either internal or external influence.
If you think there is: I’d appreciate you sharing what you believe are effective safeguards.
You can always fork it and start your own teeny-tiny forked Bitcoin network and pretend like the Network Effect is irrelevant to liquidity, right?
Who needs liquidity?
The truth is cryptocurrencies are like anything else that is a network: The people who control how people connect to and participate in a network will effectively exert some amount of control over the network.
I’m sorry, but there is nothing magical about crypto-coin networks and blockchains.
If there’s one thing you can learn throughout history, it’s that power in networks have a tendency to consolidate and that networks have a tendency to break down and be replaced with new networks.
There is nothing inherently special about the Bitcoin network or any other crypto network that makes it immune from being controlled by either internal or external influence.
If you think there is: I’d appreciate you sharing what you believe are effective safeguards.