Donk on Nostr: Bitcoin was created with a price of zero. Price came afterwards, after the network ...
Bitcoin was created with a price of zero. Price came afterwards, after the network was established. If a “new satoshi” appeared, what are the chances the coin would launch with a price of $0.00 and have no insider premine? Even if that happened, the new coin would then be in competition with Bitcoin, and what are the chances it would contain some property so valuable that it would outcompete bitcoin’s network effect AND not suffer a fatal attack in the meantime?
Published at
2023-12-02 04:11:25Event JSON
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"content": "Bitcoin was created with a price of zero. Price came afterwards, after the network was established. If a “new satoshi” appeared, what are the chances the coin would launch with a price of $0.00 and have no insider premine? Even if that happened, the new coin would then be in competition with Bitcoin, and what are the chances it would contain some property so valuable that it would outcompete bitcoin’s network effect AND not suffer a fatal attack in the meantime?",
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