Guys, you know I'm a huge fan of bitcoin. I've been waiting for this for years, and I can't tell you how glad I am that someone made it for real.
However, I have some doubts sometimes. It's human, right?
One of my concern is the capability to create a new chain. Anyone could. Of course, there has to be some good reasons to do it, and it would probably not hurt the previous chains, but still...
Money is a weird thing. It's been a very important tool for human interactions since neolithics. It's a very important stuff. Some people would kill for money. Just for pieces of paper, for pure symbolic proof of value. Somehow this is stupid, but people are that stupid.
One of the thing people don't like with money, is the fact that some people can hoard it, and other people can have none of it. Some people can have tons of gold, and other not a single gram.
That's one thing which is not possible with bitcoin: you can't be an ugly capitalist pig. Say you want to dominate the world and have all the money in it, then immediately people will say "screw this guy, let's start an other chain".
Is it a good thing? I don't know, I'm not sure. If creating a new money becomes easy, then at some point it has to devaluate the very concept of money, doesn't it?
So what would be the solution? Go back to gold and stick to it? I don't think so. Gold as money would be a convention just as bitcoin is. So what? Is it possible that a new technical possibility has actually reduced economic possibilities? Is it possible to lose a capability when adding a capability? Could the scarcity of money be actually just as usefull as the scarcity of a currency?
Will bitcoin kill the very concept of money?
I don't know guys, I guess we'll have wait and see if we want to figure it out.