[Cryptography] Altcoin volume

Jon Callas jon at callas.org
Tue Sep 26 01:24:13 EDT 2017


> On Sep 25, 2017, at 2:30 PM, Jerry Leichter <leichter at lrw.com> wrote:
> 
>> 
>>> There can only be one.  Who is winning?
>> 
>> There can only be one winner with zero semantics.  Two cryptos with zero semantics have no differentiation, and thus the primary mover is likely to squeeze all copies out through network effects.
> Why doesn't Gresham's Law apply?

Because of the Greater Fool principle.

	Jon



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