54. Bitcoin and the Global Economy with Lyn Alden
The Bitcoin Standard Podcast
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Is There Viability for Other Cryptocurrencies?
I think the burden of proof is on altcoins to justify themselves because they're going against a very bad track record. The challenging thing about utility token is that there's pretty low switching costs. And so we keep seeing this cycle where whenever Bitcoin does well, alt coins do even better but then when the bear market comes, most of those get obliterated. So I don't preclude the possibility of other blockchains coexisting and doing something different from, say, being money. But really the onus ofProof is on them to basically show why that they're going to be able to retain value against on slots of ongoing competition out there.
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