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Originally Posted by afc wimbledon
so a question, if all of the many different types of crypto all essentially perform the same function, then wont just one survive when the whole field has sorted itself out?
If it turns out that a bitcoin comes along that is better than the others, uses less power or cant be subject to market manipulation or is just easier to use as a currency then wont it kill every other crypto as dead as Google slaughtered every other browser?
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I’ll argue that if it’s not vulnerable to market manipulation then the crypto will not get off the ground. Manipulation seems to be the entire game - you can get away with what would be illegal in the stock market.