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Author Topic: transition to bitcoin successor  (Read 1947 times)
darsie
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August 31, 2012, 10:01:54 AM
 #21

Although only a proposal at this point, Decrits addresses many of your concerns.

How could a transition from btc to decrits work? Would it involve the money in btc to be lost?
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August 31, 2012, 10:35:11 AM
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How could a transition from btc to decrits work? Would it involve the money in btc to be lost?

:shrug: It depends on a lot of different things. If BTC remains the "cryptocurrency gold" then a new currency may not affect it much, and it will stay a store of value. If the new currency is the cat's meow and most people want it over BTC, then they will trade for it and the value of BTC will drop. This is the same scenario that if everyone decided they no longer wanted the dollar for BTC, the dollar's value would drop in a similar manner. I think a currency that emulates the economic properties of gold is a mistake and is doomed to lose out to something more like decrits, but that of course remains to be seen.

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