We can certainly agree on that! The new currency should be as anonymous as Zerocoin. (I can think of an application that will require robust anonymity.)

Jim Bell

From: David Vorick <david.vorick@gmail.com>

I have faith that additional cryptocurrencies will be launched/released that are substantially better and different from bitcoin. Bitcoin is just the beginnning, and ultimately I don't think it will make more than a few years farther before there is an unquestioned replacement.

On Tue, Nov 26, 2013 at 1:53 AM, James A. Donald <jamesd@echeque.com> wrote:

On 2013-11-26 11:43, David Vorick wrote:

Andy, the problem isn't the denomination, the problem is that Satioshi
has 5% of all the currency, and the Winklevoss twins have another 0.5%.
If bitcoin becomes worth 100 trillion dollars, they've got a solid 500
billion for being nobody and doing nothing. That's a problem to me.

Five hundred billion for freeing the world financial system from US domination without bloodshed. Sounds mighty cheap to me.

I am, however worried that bitcoin can be dominated by a small group. As the total transaction volume increases, the number of people that are full and equal participants in recording and facilitating transactions must diminish.

This was my original objection, scaling failure, way back in the beginning, and it is now coming true.

But even if my worst fears are realized, that is still a whole lot better than what we have now.