FastSaying

The Internet will continue to be valuable so long as it is the most efficient mechanism for transferring data. Bitcoin's value is the same: It will remain as long as it is the most efficient mechanism for transferring ownership.

Fred Ehrsam

BitcoinContinueDataEfficientInternetLongMechanismMostOwnershipRemainSameValuableValueWill

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Bitcoin's value is the same: It will remain as long as it is the most efficient mechanism for transferring ownership.
— Fred Ehrsam
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Just as the Internet brought the cost of disseminating information down by an order of magnitude, bitcoin brings the cost of transferring ownership down by an order of magnitude.
— Fred Ehrsam
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Bitcoin is valuable as a currency because of the economic efficiencies the bitcoin network is already creating as transactions flow over it. As with the Internet, more applications will flourish which will make the bitcoin network, and thus bitcoin as a currency, valuable.
— Fred Ehrsam
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The Internet had a core innovation that made it valuable: The ability to disseminate data over a distributed network in a way that was significantly cheaper than the prior methods.
— Fred Ehrsam
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Redistributing tokens is a balancing act. In most cases, forks probably want to keep ownership for users constant so users have at least the same incentives to use the new fork as the historical one.
— Fred Ehrsam
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