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JoshuaZ comments on Making money with Bitcoin? - Less Wrong Discussion

18 Post author: Clippy 16 February 2011 07:17PM

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Comment author: JoshuaZ 02 March 2011 12:44:54AM *  2 points [-]

Sure you can. It just isn't very pretty. That's a major reason why governments generally like to control currency. Forking currency can be quite bad. The good news is that when one doesn't have physical currency having two different cryptographic currencies in circulation shouldn't be hard to deal with. One could even imagine software the converts between them nearly seamlessly.

Comment author: JGWeissman 02 March 2011 12:51:37AM 5 points [-]

Well, I said "you can't fork an economy", which I still think is true, but you make a good point that forking the currency is possible and may be good enough.