How Altcoiners Use Bitcoin To Rent Seek — Bitcoin Magazine

Please fol­low and like us:
Pin Share

This is an opin­ion edi­to­r­i­al by Jim­my Song, a Bit­coin devel­op­er, edu­ca­tor and entre­pre­neur and pro­gram­mer with over 20 years of experience.

“We are all in this togeth­er.” So say the alt­coin­ers when reg­u­la­tors are bear­ing down on them. Also alt­coin­ers: “Bit­coin is waste­ful, out­dat­ed and toxic.”

The weird fren­e­my sta­tus that Bit­coin enjoys among alt­coin­ers is as arbi­trary as it is con­fus­ing. On the one hand, they try to present a unit­ed front because clear­ly, Bit­coin adop­tion is greater than that of any alt­coin, or even the entire space of alt­coins com­bined. On the oth­er hand, they crit­i­cize Bit­coin when­ev­er they get a chance to build inter­est in their own coin. Alt­coin­ers prac­tice self-inter­est­ed men­tal gym­nas­tics wor­thy of the most par­ti­san politician.

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published.