Comments on: The second wave: forking the Bitcoin Protocol and what it means for the future of money https://blog.p2pfoundation.net/the-second-wave-forking-the-bitcoin-protocol-and-what-it-means-for-the-future-of-money/2014/01/19 Researching, documenting and promoting peer to peer practices Sat, 26 Apr 2014 04:46:57 +0000 hourly 1 https://wordpress.org/?v=5.5.15 By: @mikeriddell62 https://blog.p2pfoundation.net/the-second-wave-forking-the-bitcoin-protocol-and-what-it-means-for-the-future-of-money/2014/01/19/comment-page-1#comment-621304 Mon, 20 Jan 2014 20:06:54 +0000 http://blog.p2pfoundation.net/?p=36341#comment-621304 Meet the forkers eh?

No doubt you are bang on about cryptocurrencies, and how they will fork. I am completely persuaded that consumers will be faced with an array of currencies that will all be inter-changeable at an exchange rate determined in the (I expect) ‘free’ markets.

I can’t help but think though that the best free-market currency will the one that reduces inequality, restores the environment, produces economic equity and is distributed and redeemed at a local level to incentivise community.

I can’t see a crypto or money doing that. One’s mined into existence the other lent.

Time for a currency that was earned into existence.

Crypto, as Jem Bendell and Matt Slater point out, has it’s place and that place is as a conversation starter. As a payments platform i’ve no doubt it’s got it’s place too – but as for currency, that’s a different kettle of fish.

That’s just my take on things.

]]> By: Kasper https://blog.p2pfoundation.net/the-second-wave-forking-the-bitcoin-protocol-and-what-it-means-for-the-future-of-money/2014/01/19/comment-page-1#comment-620551 Mon, 20 Jan 2014 09:56:09 +0000 http://blog.p2pfoundation.net/?p=36341#comment-620551 I’m mostly interested in altcoins that introduce new features. Peercoin is a good example. Primecoin is great because its proof of work has some use other than the mining itself in the form of finding mathematically interesting sequences of primes.

I think Miller missed out by not mentioning altcoins that go beyond currencies and can be (even more) considered like decentralized autonomous corporations. MasterCoin, ProtoShares and other next-gen coins are trying to introduce a lot of features such as decentralized exchanges and currencies pegged to EUR or USD. Features that are likely to heavily increase the adoption of cryptocurrencies.

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