Corporations depend on the network effects generated by regular people. Consider that tomorrow somehow we end up with only 2 cryptocurrencies. One solely backed by corporations, while the other cryptocurrency is solely backed by regular people.
The network effect of the cryptocurrency backed by people is much stronger than the one created by corporations. The people's cryptocurrency will look great for the corporations to join, while the corporation's crypto will not be attractive for people to join. Not only because of higher fees, etc.. but the negative perception of corporations.
Consider two cities, one with high taxes and one with very low taxes. Both offering the same level of services and security. Where will people prefer to live? And if people live there, and corporations depend on people, corporations now have a strong incentive to be where most people are.
People create network effects, not corporations. 1 Billion invested by 1 billionaire does not create a network effect as large as 1 billion people with one dollar in their wallet.
Bitcoin Cash is for everyone, it is the people's cryptocurrency. We have the power, not corporations.
[link] [comments]
source https://www.reddit.com/r/btc/comments/l51dj9/cryptocurrencies_are_the_first_asset_class_where/
No comments:
Post a Comment