Re: bitcoin as a global medium of exchange (was Re: Interesting take on Sanjuro's Assassination Market)

On Tue, Nov 26, 2013 at 04:53:09PM +1000, James A. Donald wrote:

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.

There are scaling issues in Bitcoin which can be addressed in a successor that is not a mere copycat with no added value. Some of the issues might be even fixed as time passes, and there's sufficient incentive.