How to increase your luck surface area (2010)

Re:How to increase your luck surface area (2010) by dehrmann on Sunday January 31, 2021 @02:56PM (#25981981)

> fixed cap

This makes it more like a collectable (say, baseball cards) than a currency. The number is capped and some will be lost. It has value as long as people are interested in it--scarcity does not imply value.

It also has a short track record and could run into issues if miners collude, there's a DDoS attack, or someone with a lot of resources reverses transactions, hurting confidence in it.

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Re:How to increase your luck surface area (2010) by Nevermark on Wednesday February 03, 2021 @09:14AM (#26013725)

Baseball cards are valued for being distinct. Bitcoin for being fungible (despite a traceable blockchain history).

Baseball cards are not divisible.

I know of no situation in which collectibles are viable for transaction, but Bitcoin is. (Despite limitations in transaction numbers, speed of confirmation and transaction fees.)

So I don’t think that’s a good comparison.

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