[ExI] lotta splainin to do

[Adrian Tymes]

On Tue, Nov 15, 2022 at 8:26 PM spike jones via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

> we can have cryptocurrencies competing with BitCoin, we can have as many
> competitors as we want
>

There are a lot of competitors.


> the value of competing cryptocurrencies will all be a function of the
> scarcity
>

Not entirely.  Like fiat currencies, the faith people place in any given
currency plays a large role in determining its value.  (Which breaks the
rest of your logic chain, unfortunately.)
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